About New York: Away From Battle, Appreciating a Soldier-Skeptic





These days, Jonathan Gensler lives in Brooklyn and is in business developing solar energy projects. Exactly 10 years ago, he was getting ready to go to Iraq with the Fourth Infantry Division of the United States Army. He was 25, a lieutenant, not long out of West Point. Under him was a platoon of 30 men, all but two younger than he was.




“I couldn’t afford skepticism then,” Mr. Gensler said on Thursday. “My mind was occupied with how I am going to achieve the mission, get my men home safely, and advance America’s interest.


“But I certainly appreciated skepticism.”


As Mr. Gensler was speaking, former Senator Chuck Hagel was parked at the front of a hearing room in Washington, where he faced demands that he repent of his doubts about the wisdom of the Iraq invasion in 2003, and his opposition to a troop surge ordered by President George W. Bush in 2007.


Nominated by President Obama to be the secretary of defense, Mr. Hagel, a conservative Republican and Vietnam War veteran, reluctantly voted to approve the 2003 invasion, quickly came to see it as a blunder, and refused in 2007 to vote for the additional troops requested by President Bush.


Senator John McCain, who supported the escalation, demanded that Mr. Hagel answer yes or no: Had he been right or wrong? Mr. Hagel said he could not answer without elaborating, and he defended his criticism of the war effort.


“Our war in Iraq, I think, was the most fundamentally bad, dangerous decision since Vietnam,” Mr. Hagel said.


For a few minutes, the Hagel hearings became a kind of proxy trial for the Iraq war; as badly as its early years had gone, with no weapons of mass destruction discovered and anarchy reigning, it was important to Senator McCain that Mr. Hagel concede that folly had been redeemed by the surge. He said he might not support Mr. Hagel’s nomination because of what he saw as waffling on that point. “I think history has already made a judgment about the surge, sir, and you’re on the wrong side of it,” Senator McCain said.


Around New York, veterans of Iraq who were following the hearings saw Mr. Hagel’s skepticism about the war — and the surge — as vital qualities in a secretary of defense.


“I was a senior in college in 2005, in R.O.T.C., and I remember Dick Cheney saying that the insurgency was in its last throes,” said Matt Gallagher, who was an Army captain with a unit north of Baghdad. “Hagel wasn’t having it.”


In fact, the insurgency was entering a phase of scorching violence. Mr. Hagel said the administration was “disconnected from reality,” and challenged Mr. Cheney to explain why American casualties were climbing.


Mr. Gallagher, now in New York for graduate studies in creative writing, was sent to Iraq in 2007, during the United States surge. He and other veterans said that it coincided with the emergence of Sunni forces that changed the balance of power. “By the time I got there, it was pretty well recognized that the invasion had been a mistake, but it was up to us do the best we could — to push the country back from the brink of civil war,” Mr. Gallagher said. “The surge’s role is still being debated. Senator McCain is getting ahead of himself.”


Mr. Gensler, who was awarded a Bronze Star during his service, said Mr. Hagel’s “worries were very prescient.”


“They weren’t appreciated by the administration at the time,” he said. “Being willing to go against his party shows the character that we want in a secretary of defense.”


Walking down Eighth Avenue late Tuesday afternoon, Steve Maddox, 35, who went to Iraq in June 2007 with the Marines, said that Mr. Hagel’s experiences in Vietnam, where he was wounded twice, had made him aware of the costs of war and the need to support veterans. “I went to business school on the new G.I. bill,” said Mr. Maddox, now a strategist with Deloitte Consulting. “He said, ‘This is an investment, this is not a cost.’ ” That speaks volumes.


“There are people down in Washington who see conflict as open-ended. They’re saying, when do we get to Syria? When do we get to fight Iran?” Mr. Maddox said. “But Hagel wants to know, how are you getting these kids home? We just do not send men and women into harm’s way on an open-ended conflict.”


War teaches its lessons most directly to people who are in it. “Hagel has been there as an enlisted man,” Mr. Gallagher said. “Paraphrasing Douglas MacArthur, no one hates war like a soldier does. That’s the kind of sensibility Hagel would bring.”


E-mail: dwyer@nytimes.com


Twitter: @jimdwyernyt



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Online bingo shows its worth at Rank






LONDON (Reuters) – It may lack the noisy camaraderie of a trip to the bingo hall, but the online version of the numbers game has proved more profitable for Britain‘s Rank Group than the original.


The merits of the online business were further emphasized when Rank said a snowy January had cost it 3 million pounds ($ 4.7 million) in revenue as Britons opted not to venture out to its bingo halls and casinos.






Operating profit from online bingo was 11.4 million pounds, just beating the 11.1 million earned from the venues themselves.


The company, majority owned by Malaysia’s Guoco, reported a 4 percent decline in pretax profit to 31.3 million pounds in the six months to December, with its loss-making Blue Square betting business proving a drag.


Many parts of Britain have seen heavy snow over the last two weeks and there are fears that the bad weather will hit economic activity and push the country back into recession.


Pub groups Enterprise Inns and Mitchell & Butlers both said the recent cold snap had hit sales.


“Allowing for the slow start to the second half we remain confident in our prospects for the remainder of the year and in our longer-term growth strategy,” Rank Chief Executive Ian Burke said.


Rank’s main activities are in Britain where it runs 35 Grosvenor Casinos and more than 100 Mecca bingo clubs.


Profits growth in its online bingo business mirrors that in the gambling industry as a whole where online betting is the fastest growing part of the market, helped by the popularity of smart phones and tablets.


However, Rank has said it is reviewing the future of its own struggling online betting business Blue Square, a relative minnow in a crowded sector.


“We felt the losses were not losses we could continue to sustain,” said Burke.


Blue Square reported an operating loss of 4.8 million pounds in the six months and Rank has now cut its spending on marketing the business.


“There were 11 or 12 competitors advertising and that spending just wasn’t cutting through,” said Burke.


He declined to comment further on the future of the business pending completion of the review.


Rank is awaiting regulatory clearance for a planned 205 million pound deal to buy the casino business of Gala Coral.


A preliminary report by the Competition Commission said Rank could have to sell six casinos to get the deal approved.


($ 1 = 0.6332 British pounds)


(Editing by Louise Ireland and Brenda Goh)


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30 Rock Finale Makes PEOPLE TV Critic 'Deliriously Happy'






TV News










01/31/2013 at 09:05 PM EST



Spoilers ahead!

The 30 Rock finale was one of the most delightful series wrap-ups I can remember. Not only were Liz Lemon and her fellow NBC colleagues not dead – there's really no getting over the end of Lost – but they were full of the sparkling, absurd liveliness that characterized the show at its best throughout seven seasons.

A light sentimentality in this last hour gave everything just enough of an emotional underpinning – which the show has sometimes needed.

With its endless supply of shiny, shapely little jokes, the show could feel like a wonderful salad served up without a bowl. You got tired of being showered with lovely microgreens. This time we got the bowl. It was a lovely burnished wood.

Liz (Tina Fey – but you knew that) had to create one last episode of TGS, her now-canceled show – otherwise an obscure clause would kick in and Tracy Jordan (Tracy Morgan) would receive a payout costing NBC millions of dollars.

Meanwhile, Liz's boss, capitalist king Jack Donaghy (Alec Baldwin) finally landed the top corporate job, only to learn that this ultimate success wasn't the same thing as fulfillment.

Lemon, he realized, understood more about life than he did: "I used to be a shark," he told her, "and then you unshark-ulated me."

Deprived of his Ayn Rand glory, he sank into moroseness.

Baldwin, an excellent actor, does comic despair just as well as he does comic gloating.

This is perhaps the moment to note how strongly the show was rooted in the friendly but antagonistic relationship of Jack and Liz: Mentor and mentee, father and overgrown daughter, maybe platonic boyfriend and girlfriend. Their significance as a couple was richly elastic.

And the way they negotiated their political differences should be a model for our troubled partisan era, although I wouldn't be surprised if decades from now the show becomes some sort of divisive manifesto. Liberals will march around with protest posters of Liz, while conservatives consult apps containing every phrase Jack ever uttered.

The finale also included a ridiculous plot thread in which the lumbering, deeply perverse Lutz (John Lutz) went to diabolical lengths to be the one in charge of ordering a last takeout lunch for the writing staff. His heart and principally his stomach were set on Blimpie.

Of the seemingly hundreds of jokes in the course of the night, I liked these best:

• Kenneth the page (Jack McBrayer), now head of the network, offering Liz refreshment in his new office: "Can I get you anything? Chickpeas? Moonshine? Turtle meat?"

• After an adventurous session of lovemaking, Jack's old flame Nancy (Julianne Moore) lost her broad Boston accent and instead spoke like a posh Brit.

• Jenna Maroney (Jane Krakowski) turning up for a guest part (a corpse) on Law & Order: "I am just so glad to finally return to my two loves, dramatic acting and sex crimes."

The show also reprised my favorite joke from the entire series: Jenna, fans will recall, starred in an obscure indie movie, a legal thriller with the endlessly mangled title The Rural Juror. (In one especially good episode, Rachel Dratch played Barbara Walters taking a stab at pronouncing it.)

Anyway, during the finale Jenna sang the title song from a musical adaptation of Juror.

The lyrics were virtually incomprehensible, except for "I will never forget you" and "turgid error." It made me deliriously happy.

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Hedgehog Alert! Prickly pets can carry salmonella


NEW YORK (AP) — Add those cute little hedgehogs to the list of pets that can make you sick.


In the last year, 20 people were infected by a rare but dangerous form of salmonella bacteria, and one person died in January. The illnesses were linked to contact with hedgehogs kept as pets, according to a report released Thursday by the Centers for Disease Control and Prevention.


Health officials on Thursday say such cases seem to be increasing.


The CDC recommends thoroughly washing your hands after handling hedgehogs and cleaning pet cages and other equipment outside.


Other pets that carry the salmonella bug are frogs, toads, turtles, snakes, lizards, chicks and ducklings.


Seven of the hedgehog illnesses were in Washington state, including the death — an elderly man from Spokane County who died in January. The other cases were in Alabama, Illinois, Indiana, Michigan, Minnesota, Ohio and Oregon.


In years past, only one or two illnesses from this salmonella strain have been reported annually, but the numbers rose to 14 in 2011, 18 last year, and two so far this year.


Children younger than five and the elderly are considered at highest risk for severe illness, CDC officials said.


Hedgehogs are small, insect-eating mammals with a coat of stiff quills. In nature, they sometimes live under hedges and defend themselves by rolling up into a spiky ball.


The critters linked to recent illnesses were purchased from various breeders, many of them licensed by the U.S. Department of Agriculture, CDC officials said. Hedgehogs are native to Western Europe, New Zealand and some other parts of the world, but are bred in the United States.


___


Online:


CDC report: http://www.cdc.gov/mmwr


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S&P 500 posts biggest monthly gain since October 2011

NEW YORK (Reuters) - Stocks edged lower on Thursday on caution ahead of Friday's all-important jobs report, but the S&P 500 still posted its best monthly gain since October 2011.


The benchmark S&P 500 advanced 5.1 percent in January as investors cheered a compromise that temporarily postponed the impact of the "fiscal cliff" and fourth-quarter earnings were better than expected.


The S&P 500 registered its largest monthly advance since a rise of more than 6 percent in October 2011 and the best January showing since a 6.1 percent jump in 1997. For the month, the Dow gained 5.8 percent and the Nasdaq rose 4.1 percent.


Investors expect a pullback in equities after the recent gains, though they have bought on dips over the past four weeks. The largest daily decline on the S&P 500 so far in 2013 was Wednesday's 0.39 percent drop after data showed the economy contracted in the fourth quarter of 2012.


On Friday, the government is due to release January's employment figures at 8:30 a.m. (1330 GMT). Economists polled by Reuters expect non-farm payrolls to show employers added 160,000 jobs compared with a rise of 155,000 in December. The unemployment rate is likely to hold steady at 7.8 percent.


A survey by payroll processing company ADP on Wednesday showed private sector employment rose higher than expected last month, but the government's measure of jobless benefits claims increased last week.


"It's the calm before the potential storm. The uncertainty about tomorrow's numbers comes from that fact that we had a decent ADP report but the weekly claims were not so great," said Randy Frederick, managing director of active trading and derivatives for Charles Schwab in Austin, Texas.


In a separate report, the Commerce Department said American incomes rose 2.6 percent last month, the biggest increase since December 2004.


"We could see an overly sensitive market to a bad number tomorrow, given that we've been up without a major correction, and that makes the market sensitive to the downside."


Friday will also bring reports on consumer confidence, U.S. manufacturing, construction spending and car sales.


Limiting losses on the Nasdaq composite index, Qualcomm gained 3.9 percent to $66.02 after the world's leading supplier of chips for cellphones beat analysts' expectations for quarterly profit and revenue and raised its targets for the year.


Facebook shares fell 0.8 percent to $30.98 after falling as low as $28.74 a day after the social network company said it doubled its mobile advertising revenue in the fourth quarter. However, growth trailed some of Wall Street's most aggressive estimates.


The Dow Jones industrial average <.dji> was down 49.84 points, or 0.36 percent, at 13,860.58. The Standard & Poor's 500 Index <.spx> was down 3.85 points, or 0.26 percent, at 1,498.11. The Nasdaq Composite Index <.ixic> was down 0.18 points, or 0.01 percent, at 3,142.13.


UPS shares lost 2.4 percent to $79.29 after reporting fourth-quarter earnings that were below analysts' estimates on Thursday and forecasting weaker-than-expected profit for 2013.


Constellation Brands shares tumbled 17.4 percent to $32.36 after the U.S. Justice Department moved to stop Anheuser-Busch InBev from buying the half of Mexican brewer Grupo Modelo that it does not already own. Constellation would have distributed Corona beer in the United States if the transaction had been approved.


Thomson Reuters data through Thursday morning shows that of the 231 companies in the S&P 500 that have reported earnings this season, 69.3 percent have exceeded expectations, a higher proportion than over the past four quarters and above the average since 1994.


Overall, S&P 500 fourth-quarter earnings rose 3.7 percent, according to Thomson Reuters data. That's above a 1.9 percent forecast at the start of the earnings season but well below a 9.9 percent profit growth forecast on October 1.


(Reporting By Angela Moon; Editing by Nick Zieminski and Kenneth Barry)



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Chinese Hackers Infiltrate New York Times Computers





SAN FRANCISCO — For the last four months, Chinese hackers have persistently attacked The New York Times, infiltrating its computer systems and getting passwords for its reporters and other employees.







The New York Times published an article in October about the wealth of the family of China's prime minister, Wen Jiabao, in both English and Chinese.







After surreptitiously tracking the intruders to study their movements and help erect better defenses to block them, The Times and computer security experts have expelled the attackers and kept them from breaking back in.


The timing of the attacks coincided with the reporting for a Times investigation, published online on Oct. 25, that found that the relatives of Wen Jiabao, China’s prime minister, had accumulated a fortune worth several billion dollars through business dealings.


Security experts hired by The Times to detect and block the computer attacks gathered digital evidence that Chinese hackers, using methods that some consultants have associated with the Chinese military in the past, breached The Times’s network. They broke into the e-mail accounts of its Shanghai bureau chief, David Barboza, who wrote the reports on Mr. Wen’s relatives, and Jim Yardley, The Times’s South Asia bureau chief in India, who previously worked as bureau chief in Beijing.


“Computer security experts found no evidence that sensitive e-mails or files from the reporting of our articles about the Wen family were accessed, downloaded or copied,” said Jill Abramson, executive editor of The Times.


The hackers tried to cloak the source of the attacks on The Times by first penetrating computers at United States universities and routing the attacks through them, said computer security experts at Mandiant, the company hired by The Times. This matches the subterfuge used in many other attacks that Mandiant has tracked to China.


The attackers first installed malware — malicious software — that enabled them to gain entry to any computer on The Times’s network. The malware was identified by computer security experts as a specific strain associated with computer attacks originating in China. More evidence of the source, experts said, is that the attacks started from the same university computers used by the Chinese military to attack United States military contractors in the past.


Security experts found evidence that the hackers stole the corporate passwords for every Times employee and used those to gain access to the personal computers of 53 employees, most of them outside The Times’s newsroom. Experts found no evidence that the intruders used the passwords to seek information that was not related to the reporting on the Wen family.


No customer data was stolen from The Times, security experts said.


Asked about evidence that indicated the hacking originated in China, and possibly with the military, China’s Ministry of National Defense said, “Chinese laws prohibit any action including hacking that damages Internet security.” It added that “to accuse the Chinese military of launching cyberattacks without solid proof is unprofessional and baseless.”


The attacks appear to be part of a broader computer espionage campaign against American news media companies that have reported on Chinese leaders and corporations.


Last year, Bloomberg News was targeted by Chinese hackers, and some employees’ computers were infected, according to a person with knowledge of the company’s internal investigation, after Bloomberg published an article on June 29 about the wealth accumulated by relatives of Xi Jinping, China’s vice president at the time. Mr. Xi became general secretary of the Communist Party in November and is expected to become president in March. Ty Trippet, a spokesman for Bloomberg, confirmed that hackers had made attempts but said that “no computer systems or computers were compromised.”


Signs of a Campaign


The mounting number of attacks that have been traced back to China suggest that hackers there are behind a far-reaching spying campaign aimed at an expanding set of targets including corporations, government agencies, activist groups and media organizations inside the United States. The intelligence-gathering campaign, foreign policy experts and computer security researchers say, is as much about trying to control China’s public image, domestically and abroad, as it is about stealing trade secrets.


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Rape trial of teenaged football players to be open to public: Ohio judge






(Reuters) – The controversial trial of two high school football players accused of raping a classmate will remain open to the public and will not be relocated to another town, an Ohio judge ruled on Wednesday.


Prosecutors and an attorney representing the accuser had sought a closed trial, arguing that public access to the juvenile trial would subject the accuser to unwanted publicity and make potential witnesses reluctant to testify.






Visiting Hamilton County Judge Tom Lipps said the presence of the media would prevent inaccurate reporting and enhance public confidence in the juvenile justice system, according to his written ruling, a copy of which was seen by Reuters.


“An open hearing is especially valuable where rumors, mischaracterizations and opinions unsupported by facts have reportedly been repeated in social media postings and other published outlets,” Lipps wrote. “An open hearing will diminish the influence of such postings and publications.”


Prosecutors have accused Ma’Lik Richmond and Trent Mays, both 16, of raping a classmate at a party attended by many teammates last August in Steubenville, a close-knit city of 19,000 near the Pennsylvania border.


The case attracted national attention after the hacker activist group Anonymous publicized a picture of two young men carrying a girl by her wrists and ankles and released a video showing other young men joking about the alleged assault.


Richmond’s lawyer, Walter Madison, said previously on CNN that his client was one of the young men in the photograph – which he said was taken out of context – but does not appear in the video. A lawyer for Mays has not publicly commented on the postings.


Community leaders have accused authorities of protecting the school’s popular football program by not charging more players who could have prevented the alleged attack.


Lipps also ruled on Wednesday that the trial will remain in Steubenville. He set a trial date for March 13.


Reuters generally does not identify people who say they have been victims of sex crimes.


(Editing by Paul Thomasch, Bernard Orr)


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Jason London Suffered 'Brutal Attack' While Being Arrested: Rep















01/30/2013 at 08:30 PM EST



After being arrested following a bar fight in Scottsdale, Ariz., over the weekend, Jason London insists the incident isn't what it seems.

"The details of the events leading up to the incident are still being worked out with the help of many eyewitness testimonies; people who were there with Jason for the duration of the evening and with the recollection Jason does have. We will undoubtedly get to the bottom of the specifics. Neither Jason nor any of the witnesses we have spoken to have any recollection of anything even feeling like it was going south," according to a statement released by London's rep.

The statement claims that "excessive force" was used by the four bouncers during the altercation at the Martini Ranch.

The statement continues: "Bars are institutions where there are drunk people who are sometimes inappropriate and even violent. It is the bouncers' job to remove the problem and if it is necessary, to use force in order to secure the safety of the establishment and patrons. It is not acceptable to retaliate with brutality once that has been accomplished."

London's injuries include "a right orbital fracture, a right maxillary sinus fracture, multiple contusions, multiple hematomas and concussion."

But the cause of the scuffle remains unclear: "In the midst of having a good time, Jason does remember one of the guys saying something about Jason looking at his friend's girl wrong and grabbing and dragging him. The next thing Jason remembers was coming to with the cops arresting him," the statement reads.

Following his arrest, the actor – who is best known for his role in Dazed and Confused – allegedly intentionally defecated in the backseat of a patrol car, the police report claims.

The report also states that the twin brother of Jeremy London continually cursed at the officer, dropping a homophobic slur and telling the officer to "look me up" because "I'm rich" and "a famous actor."

Managers for the Martini Ranch weren't immediately available for comment.

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Sex to burn calories? Authors expose obesity myths


Fact or fiction? Sex burns a lot of calories. Snacking or skipping breakfast is bad. School gym classes make a big difference in kids' weight.


All are myths or at least presumptions that may not be true, say researchers who reviewed the science behind some widely held obesity beliefs and found it lacking.


Their report in Thursday's New England Journal of Medicine says dogma and fallacies are detracting from real solutions to the nation's weight problems.


"The evidence is what matters," and many feel-good ideas repeated by well-meaning health experts just don't have it, said the lead author, David Allison, a biostatistician at the University of Alabama at Birmingham.


Independent researchers say the authors have some valid points. But many of the report's authors also have deep financial ties to food, beverage and weight-loss product makers — the disclosures take up half a page of fine print in the journal.


"It raises questions about what the purpose of this paper is" and whether it's aimed at promoting drugs, meal replacement products and bariatric surgery as solutions, said Marion Nestle, a New York University professor of nutrition and food studies.


"The big issues in weight loss are how you change the food environment in order for people to make healthy choices," such as limits on soda sizes and marketing junk food to children, she said. Some of the myths they cite are "straw men" issues, she said.


But some are pretty interesting.


Sex, for instance. Not that people do it to try to lose weight, but claims that it burns 100 to 300 calories are common, Allison said. Yet the only study that scientifically measured the energy output found that sex lasted six minutes on average — "disappointing, isn't it?" — and burned a mere 21 calories, about as much as walking, he said.


That's for a man. The study was done in 1984 and didn't measure the women's experience.


Among the other myths or assumptions the authors cite, based on their review of the most rigorous studies on each topic:


—Small changes in diet or exercise lead to large, long-term weight changes. Fact: The body adapts to changes, so small steps to cut calories don't have the same effect over time, studies suggest. At least one outside expert agrees with the authors that the "small changes" concept is based on an "oversimplified" 3,500-calorie rule, that adding or cutting that many calories alters weight by one pound.


—School gym classes have a big impact on kids' weight. Fact: Classes typically are not long, often or intense enough to make much difference.


—Losing a lot of weight quickly is worse than losing a little slowly over the long term. Fact: Although many dieters regain weight, those who lose a lot to start with often end up at a lower weight than people who drop more modest amounts.


—Snacking leads to weight gain. Fact: No high quality studies support that, the authors say.


—Regularly eating breakfast helps prevent obesity. Fact: Two studies found no effect on weight and one suggested that the effect depended on whether people were used to skipping breakfast or not.


—Setting overly ambitious goals leads to frustration and less weight loss. Fact: Some studies suggest people do better with high goals.


Some things may not have the strongest evidence for preventing obesity but are good for other reasons, such as breastfeeding and eating plenty of fruits and vegetables, the authors write. And exercise helps prevent a host of health problems regardless of whether it helps a person shed weight.


"I agree with most of the points" except the authors' conclusions that meal replacement products and diet drugs work for battling obesity, said Dr. David Ludwig, a prominent obesity research with Boston Children's Hospital who has no industry ties. Most weight-loss drugs sold over the last century had to be recalled because of serious side effects, so "there's much more evidence of failure than success," he said.


___


Online:


Obesity info: http://www.cdc.gov/obesity/data/trends.html


New England Journal: http://www.nejm.org


___


Marilynn Marchione can be followed at http://twitter.com/MMarchioneAP


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Wall Street ends lower after Fed statement

NEW YORK (Reuters) - Stocks fell on Wednesday after the Federal Reserve said in its latest statement that economic growth had stalled but indicated the pullback was likely temporary.


Stocks were flat for most of the session prior to the Fed statement at the end of a two-day policy meeting. The Fed repeated its pledge to keep purchasing securities until employment improves substantially.


The statement followed data that showed the economy, as measured by gross domestic product, unexpectedly contracted in the fourth quarter. Economists stressed that the 0.1 percent contraction, caused partly by a plunge in government spending and lower business inventories, is not an indicator of recession.


"The unemployment rate is likely to fall below 6.5 percent next year, so the Fed may be raising interest rates as soon as mid-2014. The fiscal drag from the tax increases will be offset this quarter by rebuilding post-Sandy, so real GDP growth should still come in at 2 percent," said Kurt Karl, chief economist at Swiss Re.


The S&P 500 held above 1,500, seen by technical analysts as an inflection point that will determine the overall direction in the near term. The index is on track to post its best month since October 2011 and its best January since 1997.


"This is a very modest pullback after a steep run," said Paul Zemsky, head of asset allocation at ING Investment Management in New York.


"It is too soon for the Fed to start talking about the end of (their bond buying program). The economy needs stimulus to sustain this recovery."


Chesapeake Energy rose 6 percent to $20.11 a day after it said Aubrey McClendon would step down as chief executive. The company has had a tumultuous year in which a series of Reuters investigations triggered civil and criminal probes of the second-largest U.S. natural gas producer.


After the bell, shares of Facebook Inc fell 5.9 percent to $29.40 following the company's earnings announcement. Facebook said its revenue in the fourth quarter grew 40 percent year-on-year to $1.585 billion.


Both Boeing Co and Amazon.com shares gained after earnings beat expectations, continuing a trend this quarter of high-profile names advancing after results.


Amazon rose 4.8 percent to $272.76 and Boeing rose 1.3 percent to $74.59.


The Dow Jones industrial average <.dji> was down 44.00 points, or 0.32 percent, at 13,910.42. The Standard & Poor's 500 Index <.spx> was down 5.88 points, or 0.39 percent, at 1,501.96. The Nasdaq Composite Index <.ixic> was down 11.35 points, or 0.36 percent, at 3,142.31.


Thomson Reuters data showed that of the 192 companies in the S&P 500 that have reported earnings this season, 68.8 percent have been above analyst expectations, which is a higher proportion than over the past four quarters and above the average since 1994.


Research In Motion shares fell 12 percent to $13.78 after the company, which is changing its name to BlackBerry, unveiled a long-delayed line of smartphones in hopes of a comeback into a market it once dominated.


Giving the market extra support, private sector employment topped forecasts with the ADP National Employment report showing 192,000 jobs were added in January, higher than the 165,000 expectation.


(Reporting by Angela Moon; Editing by Kenneth Barry)



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