Lululemon pulls yoga pants _ too revealing

NEW YORK (AP) ? Lululemon has yanked its popular black yoga pants from store shelves after it found that the sheer material used was revealing too much of its loyal customers.

The company insisted it had not changed the specifications for the clothing, but is warning of a shortage of the extraordinarily popular clothing items, which make up make up about 17 percent of all women's pants and crop pants in its stores.

Shares dropped more than 5 percent in morning trading Tuesday and one analyst that follows the company stripped it of its "Buy" rating.

Sam Poser of Sterne, Agee & Leach advised clients to take a wait-and-see approach until the problem is resolved. He downgraded the company's shares to "Neutral."

There appears to be a "major quality control problem" in Asia where the "Luon" pants are made, Poser said. While Lululemon has used the same factories to make its fabrics since 2004, he said it doesn't seem as though the company has the proper oversight in place.

The Luon pants are one of the retailer's product staples and Cowen analyst Faye Landes said that if there is any comfort to be found, it is that Lululemon is not facing a demand problem. Lululemon has been a star for investors, as well as yoga devotees, with shares rocketing from less than $3 in 2009, to around $65 this year.

But the announcement comes just before the company posts earnings for the final quarter and full year on Thursday.

Lululemon Athletica Inc., based in Vancouver, British Columbia, cut its first-quarter revenue forecast as a result of its decision to withdraw the pants. The company now anticipates first-quarter revenue between $333 million and $343 million. Its prior guidance was for $350 million to $355 million. Analysts polled by FactSet expect revenue of $352.1 million.

It also lowered its first-quarter outlook for comparable store revenues, from 11 percent, to between 5 percent and 8 percent.

Lululemon is offering full refunds or exchanges to customers.

Its shares dropped $3.41, or 5.2 percent, to $62.49 in late morning trading Tuesday.

Source: http://news.yahoo.com/lululemon-pulls-yoga-pants-too-revealing-140540431--finance.html

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Biogen receives patent until 2028 for Multiple Sclerosis drug Tecfidera

By Mark Lamport-Stokes INDIAN WELLS, California, March 17 (Reuters) - It was a case of so near and yet so far for Juan Martin Del Potro after he was denied a first ATP Masters 1000 title in a 4-6 6-3 6-4 defeat by Rafa Nadal in the BNP Paribas Open final on Sunday. The Argentine was a set and 2-0 up on Nadal before the Spaniard came storming back to win a pulsating match that lasted just under two-and-a-half hours and featured seven breaks of serve. ...

Source: http://news.yahoo.com/biogen-receives-patent-until-2028-multiple-sclerosis-drug-201423630--finance.html

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Thief returns $800 from 1980s Michigan burglary

HASTINGS, Mich. (AP) ? A burglar expressing guilt about stealing $800 from a western Michigan store three decades ago has repaid the money, plus some interest.

The anonymous thief sent a note and $1,200 in $100 bills to the Barry County sheriff's department in Hastings, and they arrived Monday, WOOD-TV reported (http://bit.ly/WzFNjS ).

The writer admitted breaking into the Middle Mart on Michigan 37 in Thornapple Township north of Middleville about 30 years ago.

In a letter packed with emotion and spelling errors, the writer asks for "help in locating a man" to whom the writer owes the money.

"Anyways, I did a very bad thing that I am shamed of and have lived with this guilt," the writer said. "I can't begin to say how sorry iam but have lived with this guilt too long," the letter went on to say. "If you do find him, please tell him that I was afoolish stupid man when I did that and iam sorrie."

The letter was unsigned and had no return address.

The $1,200, while it includes some interest, falls short of making up for the loss in the dollar's purchasing power over the intervening years. The stolen $800 would be worth about $1,800 today, based on changes in the consumer price index.

WOOD-TV said the former owner of the store, now called Greg's Get-N-Go, confirmed it was broken into in the 1980s. The store was sold in 1988.

Undersheriff Bob Baker said the letter and cash came as quite a surprise.

"This doesn't happen every day," Baker said. He said the department isn't interested in reopening the case because of the time that has passed.

___

Information from: WOOD-TV, http://www.woodtv.com

Source: http://hosted2.ap.org/APDEFAULT/aa9398e6757a46fa93ed5dea7bd3729e/Article_2013-03-18-Burglar's%20Conscience/id-a205e7f75a8346b6bef766cb5339e88e

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An Air Purifier Designed For the Space Station Must Be Good Enough For Your Home

If there's one place on—or off—the Earth where the air has to be clean, it's on the International Space Station. That's why many years ago Nasa developed a revolutionary purifying system for the ISS that has since trickled down for use in hospitals, food packing plants, government offices, and now your home. More »

Source: http://feeds.gawker.com/~r/gizmodo/full/~3/m3PKES2cKBo/an-air-purifier-designed-for-the-space-station-must-be-good-enough-for-your-home

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The Hockey Stick, Broken Again (Powerlineblog)

Share With Friends: | | Politics - Top Stories Stories, News Feeds and News via Feedzilla.

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Japan PM Abe's Pacific trade pact gambit pays off, for now

By Tetsushi Kajimoto and Kaori Kaneko

TOKYO (Reuters) - Japan Prime Minister Shinzo Abe's first politically risky step of declaring the country's intent to join talks on a U.S.-led Pacific Rim free trade pact appears to be paying off as his record high ratings edge even higher.

Public opinion surveys showed on Monday that Abe's support ratings had risen since last month to reach the highest levels since he took office in December and a majority backed Friday's announcement that Japan wanted to join Trans-Pacific Partnership (TPP) membership talks.

The decision launches the "third arrow" in Abe's policy triad following the fiscal pump priming and hyper-easy monetary measures he has pushed since returning to office in December after his Liberal Democratic Party's (LDP) big election win.

While "Abenomics" has been playing to rave reviews in the Tokyo stock market and with voters, business executives and economists say its lasting success hinges on whether and how Abe tackles thorny reforms such as deregulation.

Japan's TPP participation is one such thorny issue and serves as the first test of Abe's ability to navigate the political minefield to get there.

Proponents say the trade pact will help tap vibrant regional growth and act as a catalyst for reforms such as deregulation. However, it is staunchly opposed by the powerful farm lobby, which has long served as the LDP's power base.

Two of Abe's predecessors from the now-opposition Democratic Party of Japan promoted the idea of joining TPP when they were in government, but stumbled over divisions within their own party.

ABE'S SALESMANSHIP

"The public support for the TPP is high. This shows that Abe's explanation of Japan's needs to join the TPP talks probably brought a feeling of security among the public," said Takehiko Yamamoto, political science professor at Waseda University.

In its election campaign, the LDP said it would oppose joining the talks if that required a commitment to abolish all tariffs without any exceptions and Abe has said he had won Washington's assurances that no such commitment was needed.

A survey by Asahi newspaper showed 71 percent of voters backed Abe's approach to TPP talks, while similar surveys by the Yomiuri and Mainichi newspapers showed some 60 percent of voters were behind it.

Support for Abe - Japan's seventh premier since popular Junichiro Koizumi ended a rare five-year term in 2006 - edged up in all the media surveys to the highest levels since he took office in December.

The Asahi daily showed 65 percent of voters backed Abe's cabinet, while the Yomiuri and Mainichi put his rating at 72 percent and 70 percent respectively, up between 1 and 7 points compared with previous surveys taken in February.

The consistently high levels of support are rare for a Japanese leader, whose ratings often start high but then sink. That fate befell Abe during his troubled 2006-2007 first term.

Abe's LDP and its junior partner have a huge majority in parliament's lower house but need to win a majority in a July upper house election to cement their hold on power and winning over TPP opponents remains a challenge.

"The LDP and its small ally Komeito party are sweeping the board at the moment. But we still have to see how Abe's government can persuade people such as agriculture lobbies and how Japan can negotiate with TPP member nations," said Waseda's Yamamoto.

The United States and 10 other countries are pushing for a deal by the end of the year and possibly as soon as an Asia-Pacific leaders summit in Bali in October. But hurdles to Japan's joining the talks remain.

Tokyo must first hold bilateral talks with existing members and win their endorsement amid worries that three-year old talks could get bogged down if Tokyo proved slow to address U.S. concerns over barriers to its auto, insurance and agricultural markets.

Other countries in the trade talks include Canada, Mexico, Australia, New Zealand, Chile, Peru, Vietnam, Malaysia and Brunei. The addition of the world's third-largest economy would expand the pact to cover nearly 40 percent of the world's economic output.

(Writing by Tomasz Janowski; Editing by Neil Fullick)

Source: http://news.yahoo.com/japan-pm-abes-pacific-trade-pact-gambit-pays-050722406--business.html

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Two killed in race car crash in California

A race car struck and killed a teenage boy and a man at a northern California speedway during warm-up laps on Saturday, and authorities are investigating what led to the fatal mishap, a sheriff?s official said.

The 14-year-old boy and 68-year-old man were standing in the maintenance pit area alongside the dirt track of a sprint-car race at Marysville Raceway Park, about 100 miles (160 kilometres) northeast of San Francisco, said Yuba County Sheriff?s Captain Ron Johnson.

?One of the cars left the track and drove into the pit area,? Johnson said, adding that it remained unclear whether the driver exited the track because he was done with his warm-up or lost control of his car due to mechanical problems.

The car ended up striking the teenager and the man who were ?standing basically next to each other,? Johnson said.

The man died at the scene and the teenager was pronounced dead at a local hospital, Johnson said. Their names have not been released.

A half-dozen racers were performing their warm-up laps at the time of the incident, police said.

The two victims were ?both legitimately in the pit area (and) were associated with race-driving teams,? Johnson said.

Neither the driver nor anyone else was injured, police said.

The dirt-track race was scheduled as the first round of this year?s California Sprint Car Civil War Series, according to a statement from race organizers sent out before the event.

The compact, high-horsepower cars in the racing series are equipped with a metal wing mounted on top the roll cage. Drivers compete for thousands of dollars in prize money, the statement said.

Marysville Raceway Park said in a recorded phone message that the Saturday evening races had been cancelled. Event organizers could not be reached for comment.

Last month more than 30 NASCAR fans were injured at the Daytona International Speedway in Florida in a multi-car accident in the last lap of the Nationwide Series race a day before the Daytona 500.

?

Source: http://cnews.canoe.ca/CNEWS/World/2013/03/17/20661681.html?cid=rssnews

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