Pakistan turmoil deepens as court orders PM's arrest

ISLAMABAD (Reuters) - Pakistan's Supreme Court ordered the arrest of the prime minister on Tuesday on corruption allegations, ratcheting up pressure on a government that is also facing street protests led by a cleric who has a history of ties to the army.

The combination of the arrest order and the mass protest in the capital Islamabad led by Muslim cleric Muhammad Tahirul Qadri raised fears among politicians that the military was working with the judiciary to force out a civilian leader.

"There is no doubt that Qadri's march and the Supreme Court's verdict were masterminded by the military establishment of Pakistan," Fawad Chaudhry, an aide to Prime Minister Raja Pervez Ashraf, told Reuters.

"The military can intervene at this moment as the Supreme Court has opened a way for it."

However, the ruling coalition led by the Pakistan Peoples' Party (PPP) has a majority in parliament and lawmakers can simply elect another prime minister if Ashraf is ousted. In June, Ashraf replaced Prime Minister Yusuf Raza Gilani, who was disqualified by the Supreme Court in a previous showdown between the government and the judiciary.

Also, elections are due in a few months and President Asif Ali Zardari hopes to lead the first civilian government in Pakistan's 65 years as an independent nation that will complete its full term.

But power struggles will distract the unpopular government from tackling an array of problems - a Taliban insurgency, economic stagnation and growing sectarian tensions triggered by bomb attacks and tit-for-tat shootings.

The military, which sees itself as the guarantor of Pakistan's stability, has long regarded the PPP-led government as corrupt, incompetent and unable to prevent the nuclear-armed country from falling apart.

Pakistan's powerful army has a long history of coups and intervening in politics. But these days generals seem to have little appetite for a coup. Army chief General Ashfaq Kayani has vowed to keep the military out of politics.

But many believe top military leaders still try to exert behind-the-scenes influence, and any moves by the military in the latest crisis could not happen without a green light from Kayani, arguably the most powerful man in Pakistan.

"Extra-constitutional regime change, or "outside of the political calendar" if you will, is only possible in Pakistan with the tacit nod of the military, on account of it being a long-time stakeholder in Pakistani politics," said Shamila Chaudhry, an analyst at Eurasia Group.

"The Qadri march was like a trial balloon. The military indirectly sent it out to see if it would work."

Some politicians believe the military will try to dominate the caretaker administration that will oversee the run-up to the polls after parliament is dissolved, which is due to happen in March. An election date has yet to be announced.

The protest by Qadri and his followers has also been seen by commentators as being orchestrated by the military to add to the pressure on Zardari's government, although the military has denied any ties to the cleric.

PEOPLE'S MONEY

Thousands of followers of the populist cleric camped near the federal parliament cheered and waved Pakistani flags as television channels broadcast news of the Supreme Court's order to arrest Ashraf on charges of corruption.

"We don't want any of those old politicians. They just take all the people's money," said 19-year-old student Mohammed Wasim. "We congratulate the whole nation (on the Supreme Court's order). Now we have to take the rest of the thieves to court."

Government officials said they were baffled by the arrest order, which came hours after Chief Justice Iftikhar Chaudhry said elections should go ahead as scheduled.

"This was totally unexpected," an official in Ashraf's office told Reuters. "The prime minister and two or three of his friends were watching Qadri speak on television and this suddenly happened."

Pakistan's stock exchange fell by more than 500 points, or nearly three percent, on news of the court order, due to fears over fresh political turmoil, which comes against a backdrop of militant bombings and tension on the border with India.

Qadri, who played a role in backing a military coup in 1999, threatened to remain camped out near the federal parliament with thousands of supporters until his demands for the resignation of the government were met.

The fiery orator returned home from Canada less than a month ago to lead a call for electoral reforms to bar corrupt politicians from office that has made him an instant hit among Pakistanis disillusioned with the state.

In a speech from behind a bullet-proof shield in front of parliament, Qadri praised the military and the judiciary, the country's two other power centers.

"(The government) has wasted and brought a bad end to our armed forces, those armed forces who are highly sincere, highly competent and highly capable and highly professional," he said, alternating between Urdu and English.

"Even they can't do anything because the political government isn't able to deliver anything from this land. Judgments are being passed by our great, independent judiciary but the government is not ready to implement them."

Qadri is demanding that the government dissolve the legislature and announce the formation of a caretaker government to oversee the run-up to elections.

One senior military officer, who said he was speaking in a purely personal capacity, said there was no appetite in the military to repeat the coups seen in Pakistan's past, but added the stand-off could be resolved if the army played a role in the formation of a caretaker government as a "moderator".

"We should try as far as possible to abide by the constitution and law in looking for change. The army chief has made this clear," the officer told Reuters.

"But things seem to be moving beyond control," the officer added. "It is totally incorrect to say the army is behind Qadri. But if he brings thousands of people to the streets and things get worse, there may be very few options."

(Additional reporting by Matthew Green and Mubasher Bukhari in ISLAMABAD and Jibran Ahmad in PESHAWAR; Writing by Michael Georgy; Editing by Raju Gopalakrishnan)

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Cuban hospital carefully guards Hugo Chavez’s privacy

HAVANA (Reuters) – You would never guess that one of the world’s most famous heads of state, Venezuelan president and self-proclaimed revolutionary Hugo Chavez, is battling cancer at Havana’s Center for Medical-Surgical Research (CIMEQ).

At the weekend there was no visible increase in security at the hospital’s main entrance, where guards in olive green uniforms checked the comings and goings of visitors and waved on dallying reporters.

The sprawling, three story complex that is run by the Cuban Interior Ministry is located in leafy Siboney, one of the country’s most exclusive neighborhoods on the western edge of the Cuban capital, and just minutes from the home of Fidel Castro.

It has been a month since the once feisty and now cancer-stricken Chavez, leader of one of the world’s biggest oil producing nations, was operated on for a fourth time at the hospital. This time around, there have been no glowing reports of recovery.

CIMEQ’s best known patient, Fidel Castro, 86, has been treated there since 2006 when he was operated on for intestinal bleeding, forcing him to cede power to his brother Raul Castro.

Ironically Chavez, who often visited the man he refers to as his mentor during Castro’s ordeal, has now become CIMEQ’s second best known patient. In a dramatic reversal of fate, it is Fidel Castro who has been repeatedly at the 58-year-old Venezuelan president’s bedside, beginning with his first operation in 2011.

Hazy Venezuelan government communiques speak of unexpected bleeding during Chavez’s most recent surgery and a lung infection that has kept the 58-year-old Chavez in a “stable” but “delicate” state since mid-December.

There has not been a word, nor even a tweet from the usually vociferous Chavez. His Twitter account, with almost 4 million followers, went silent after November 1.

Meanwhile, Chavez’s family has been holding vigil in Havana, as other Venezuelan leaders and various Latin American heads of state come and go in a show of support. The presidents of Argentina and Peru visited over the weekend.

What the operation involved, and even the type of cancer attacking Chavez and its exact location, are considered state secrets.

VIP FACILITIES OFF LIMITS

CIMEQ, according to various Cuban doctors and nurses, is the Caribbean island’s finest medical facility, boasting up to date equipment and pharmaceuticals and with the authority to call in the country’s top specialists and support staff from other hospitals, as has been done in Chavez’s case.

“CIMEQ exists in the 21st century and is the equal to some of the best facilities in the world, while the rest of the country’s hospitals remain at 20th century levels,” said one local doctor who requested her name be withheld.

“There are no shortages of supplies and medicines and the food is great,” she added.

The hospital treats mainly interior ministry personnel, their families and area residents free of charge.

In a land where complaints are common, it is hard to find anyone with a bad word to say about the place, except that it is reserved exclusively for the elite.

“Unfortunately, I lost my father to cancer at CIMEQ less than a year ago,” said 47- year-old Agustín Daniel.

“He was treated for years at CIMEQ and the care was exquisite. He died because cancer kills and sometimes there is no solution,” the self-employed interior decorator said.

CIMEQ also boasts a wing for foreigners willing to pay for their care, as well as special VIP facilities for Cuba’s top leaders and important figures from other lands.

“Distinguished personalities from the arts, sciences and politics from all over the world have received attention in its modern and efficient installations,” the hospital‘s Web Page (www.cimeq.org)states.

Little is known about the hospital’s VIP accommodations, where Chavez is being treated, except that they are equipped with the latest technology and that those who work there are often sequestered for periods of time. Like all CIMEQ staff, they are sworn to secrecy at the risk of losing their licenses and criminal prosecution.

“The VIPs are treated on the third floor which is off limits to most staff even if they work for the Interior Ministry and wear uniforms under their white coats,” a doctor who has worked at CIMEQ said.

“The elevators to the third floor have guards and if the patient goes outside part of the grounds are closed off,” he said, adding, “no one knows what goes on up there.”

(Editing by David Adams and Andrew Hay)

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The Biggest Loser's Alison Sweeney Blogs: We're All to Blame for Childhood Obesity

TV Watch

The Biggest Loser

By Alison Sweeney

01/15/2013 at 12:10 PM EST

Alison Sweeney hosts NBC's The Biggest Loser and is the award-winning star of Days of Our Lives, in addition to being an author, director, producer, wife and mom. Like she has for the past two seasons, Alison will blog each week about the latest episode of The Biggest Loser. Follow her on Twitter @Ali_Sweeney

Monday's episode of The Biggest Loser featured "Cut the Junk" week on campus. Can you believe approximately 17 percent of American children ages 2 to 19 years are obese? How about this fact: approximately 60 percent of overweight children ages 5 to 10 already have at least one risk factor for heart disease? We are all to blame for this – parents, schools, kids – all of us.

During this week's quiz, the contestants were shocked by the staggering statistics, as was I. The childhood obesity epidemic in our country needs to be fixed. I battled with my weight as a teenager, partly because there wasn't the information or conversation about how to live a healthy lifestyle. This season's contestants and kids are being armed with that information. The adults are learning to pour orange juice over everything in the temptation room to not succumb to temptation and the kids (and their families) were forced to make changes when Dr. Joanna visited them in their homes.

On a lighter note, what did you think of the gumball challenge? Being there I felt the weight of the goo from the contestants and their struggles were very real. Plus, it was disgusting on their clothes when they were done. I've got to say, that is one challenge I'm glad I didn't have to do!

At the end of the week, I think each team learned a lot, especially the blue team who was stuck in that temptation room for four hours a day. If you're spending four hours a day eating junk and playing video games, try the last-chance workout challenge that Bob did with his team instead!

At the end of the week, the weigh-in was again intense. I felt for Jackson as he again had a small weight loss but I love that Dolvett continues to support him and keep him positive. At the end, it was Kate who went home but we all had faith she'd be fine in continuing her journey at home, and her "Where Are They Now" package shows we were right.

Favorite moment of the week: Pam's reaction to losing 9 lbs. It was hilarious!

Make sure to tune in next week, when the trainers head to the homes of Sunny, Lindsay and Biingo and leave the adults to train on their own at the Ranch. How do you think they'll do?

The Biggest Loser contestants

Tyler Golden / NBC

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Experts: Proposed NY gun law might hinder therapy

NEW YORK (AP) — Mental health experts say a proposed New York state gun control law might interfere with treatment of potentially dangerous people and even discourage them from seeking help.

One provision would require therapists and doctors to tell government authorities if they believe a patient is likely to harm himself or others. That could lead to revoking a patient's gun permit and seizing the gun.

Dr. Paul Appelbaum, director of law, ethics and psychiatry at Columbia University, said that provision might discourage people from revealing thoughts of harm to a therapist, or even from seeking treatment at all.

Dr. Mark Olfson, a psychiatry professor at Columbia, said if the law is crudely applied, it could erode the trust patients have in their doctors which is needed for effective care.

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Apple stock's continuing decline drags Wall Street lower

NEW YORK (TheWrap.com) - "The Muppets 2" will open in theaters March of 2014, "Maleficent," a reimagined "Sleeping Beauty" tale starring Angelina Jolie moves to July of the same year and Brad Bird's "1952" will open before Christmas of 2014, Disney announced on Monday. The news was part of an omnibus announcement, as Disney also announced "Pirates of the Caribbean 5" will open July 10, 2015. The next "Pirates" will star Johnny Depp with a script by Jeff Nathanson, but no director has been attached. Disney's planned 3D re-release of "Little Mermaid," set for September 13, has been called off. ...

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Syria war envelops region in "staggering" crisis: aid agency

BEIRUT (Reuters) - Syria's civil war is unleashing a "staggering humanitarian crisis" on the Middle East as hundreds of thousands of refugees flee violence including gang rape, an international aid agency said on Monday.

Opposition activists said an air strike on rebel-held territory southwest of Damascus killed 20 people, including women and children, adding to the more than 60,000 people estimated to have been killed in the 21-month-old conflict.

Over 600,000 Syrians have fled abroad - many to neighboring Turkey, Lebanon and Jordan - as violence has spread and international efforts to find a political solution have sagged.

Refugees interviewed by the International Rescue Committee (IRC) cited sexual violence as a major reason they fled the country, the New York-based organization said in a 23-page report on the crisis published on Monday.

Gang rapes often happened in front of family members and women had been kidnapped, raped, tortured and killed, it said.

"After decades of working in war and disaster zones, the IRC knows that women and girls suffer physical and sexual violence in every conflict. Syria is no exception," the group added.

Rebels and government forces have both been accused of human rights abuses during the conflict, which began with peaceful protests against President Bashar al-Assad in March 2011.

The unrest turned violent after government forces fired on demonstrators and has since become a full-scale civil war.

Fierce winter weather has worsened the plight of hundreds of thousands of refugees. The IRC urged donors to step up planning and funding in the expectation that more Syrians will flee.

"Nearly two years into Syria's civil war, the region faces a staggering humanitarian disaster," the IRC report said.

AIR POWER

Despite advancing in Syria's north and east and winning support from regional powers like Turkey and Saudi Arabia, the Syrian rebels have been unable to break a military stalemate with government forces elsewhere.

They have struggled to counter government air power in particular, making it hard for them to take and hold territory crucial to Assad's grip on power, including major cities.

An activist in Moadamiyeh, a rebel-held town southwest of Damascus, said an air strike there killed 20 people on Monday.

Activist video footage showed images of the limp body of a boy being pulled out from broken concrete, his back covered in dust and his front in blood.

The Syrian Observatory for Human Rights, a Britain-based monitoring group, said at least 13 people had died in the air raid but the toll was likely to rise.

Syrian state television said "terrorists" - its word for rebels - had fired a mortar from the Damascus suburb of Daraya on a civilian building in Moadamiyeh, killing women and children.

The reports could not be independently verified because of government restrictions on independent media in Syria.

Syrian warplanes also bombarded the strategic Taftanaz air base that rebels seized last week, the Observatory said.

In another sign of escalating bloodshed, Human Rights Watch said it had evidence that government forces had used multi-barrel rocket launchers to deliver Egyptian-made cluster munitions in recent attacks.

"Syria is escalating and expanding its use of cluster munitions, despite international condemnation of its embrace of this banned weapon," it said.

DEADLOCK

Syria's rising death toll has brought international intervention no closer. The United States and Russia have been deadlocked over how to resolve the crisis.

Moscow - which has continued to back its long-standing ally and arms client Assad - urged the opposition on Sunday to make its own proposals in response to a speech by Assad a week ago.

The speech, which offered no concessions, was criticized by the United Nations and United States. Syrian rebels described it as a renewed declaration of war.

Talks between Russia and the United States in Geneva on Friday failed to produce a breakthrough.

As diplomatic efforts have stalled, the conflict has continued to draw in Syria's neighbors.

A mortar round apparently fired from Syria crashed in a field in Turkey overnight close to a refugee camp housing thousands of Syrians along the border, Turkish state media said.

NATO troops have begun deploying Patriot defense missiles in Turkey against a potential attack from its southern neighbor. The missiles are expected to be operational by the end of the month. Turkey is a strong supporter of the Syrian rebels.

NATO said Syrian government forces had launched a short-range, Scud-style ballistic missile on Sunday, bringing to more than 20 the number launched in the past month.

The missiles, apparently fired against opposition targets, landed in Syrian territory, mostly in northern Syria, a NATO spokeswoman said in Brussels, but some of the missiles landed "quite close" to the Turkish frontier.

(Additional reporting by Laila Bassam in Beirut and Adrian Croft in Brussels; Writing by Alexander Dziadosz; Editing by Mark Heinrich)

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Come for a Tour of China’s Unlicensed ‘World of Warcraft’ Theme Park

World of Warcraft Theme Park

Image credit Francesca Timbers

Click here to view this gallery.

[More from Mashable: 20 Tweets That Prove Skittles’ Social-Media Team Inhaled the Rainbow]

Changzhou, China is home to a bizzarre world of rides, food and fun: A World of Warcraft-style theme park that’s completely unlicensed by Blizzard, maker of the Warcraft series.

The park opened in the summer of last year. It reportedly cost $ 48 million to build and is “pretty huge,” according to Reddit user Francesca Timbers who originally posted these pictures republished here with permission.

[More from Mashable: 10 Amusing Cubicle Makeovers [VIDEOS]]

“I thought it was great,” posted Timbers. “A lot of the rides used 4-D and special effects, which I hand’t experienced much of before. There was a good roller coaster with loops, where you are lying horizontally, face forward, like you are flying. That was my favourite ride. The water log ride (‘splash of monster blood’) was pretty good too.”

Another weird tidbit: Some rides have a “happiness index,” showing, we believe, the intensity of the ride.

While most of the park is Warcraft-flavored, one section is dedicated to another Blizzard favorite: Starcraft.

For the rest of Timbers’ pictures and more details about her trip to the utterly weird theme park, visit her Reddit thread. Would you book a trip to China to get out to this theme park?

Images courtesy Francesca Timbers

This story originally published on Mashable here.

Gaming News Headlines – Yahoo! News

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Lena Dunham Says Boyfriend Jack Antonoff Is 'Someone Great'

01/14/2013 at 12:35 PM EST

As Hannah Horvath on the hit HBO series Girls, creator and actress Lena Dunham often finds herself struggling with romance.

But when it comes to her real life relationship with Fun guitarist Jack Antonoff, the two-time Golden Globe winner says she's found love.

"I know there's some rule that you're not supposed to talk about your boyfriend publicly just because it seems like all starlets under the age of 33 have decided not to do that, but if you're in love with someone great, then I don't understand why you wouldn't tell everybody," Dunham says in the February issue of Interview magazine.

"You don't have to post naked pictures of them on the internet or Tweet pictures of your Christmas celebration, but I feel like, in a way, he's my best advertisement, so I'm like, 'Why would I not tell people who ask?'"

With the second season of Girls under way and Dunham winning two Golden Globes at Sunday's 70th Annual Golden Globe Awards, her star power is quickly rising.

"I've started to get used to people feeling like they already know me when they meet me. I've obviously only experienced it within the past year of my life, but it's really interesting to have so many people who you're not familiar with act familiar with you," she says.

Though her parents are artists Carroll Dunham and Laurie Simmons, success didn't come easy for Dunham – who made her directorial debut with 2010's Tiny Furniture.

"I know that in my family – despite the massive amounts of acceptance – it was thought that in order to be a person who is really contributing something to the world, you had to be generating things creatively. So performing was only really interesting to my parents in the context of things that you create," she says. "I think I'd aligned the idea of liking [acting] with having a horrible ego or something, and admitting that I liked it or that it was important to me – even to myself – just didn't feel okay."

She continues, "I always had these two things of feeling really respected and connected at home, and going to school and feeling like I just could not get it right. I didn't feel like the other kids got me, but then I was also sort of bored and annoyed by them, so I knew that a large part of it was my problem. I actually had to switch schools because I didn't have friends. I remember my parents saying, 'She is so victimized at her school, so she has to switch.' But I was like, 'I'm switching schools because I'm an a–––.' "

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Flu more widespread in US; eases off in some areas

NEW YORK (AP) — Flu is now widespread in all but three states as the nation grapples with an earlier-than-normal season. But there was one bit of good news Friday: The number of hard-hit areas declined.

The flu season in the U.S. got under way a month early, in December, driven by a strain that tends to make people sicker. That led to worries that it might be a bad season, following one of the mildest flu seasons in recent memory.

The latest numbers do show that the flu surpassed an "epidemic" threshold last week. That is based on deaths from pneumonia and influenza in 122 U.S. cities. However, it's not unusual — the epidemic level varies at different times of the year, and it was breached earlier this flu season, in October and November.

And there's a hint that the flu season may already have peaked in some spots, like in the South. Still, officials there and elsewhere are bracing for more sickness

In Ohio, administrators at Miami University are anxious that a bug that hit employees will spread to students when they return to the Oxford campus next week.

"Everybody's been sick. It's miserable," said Ritter Hoy, a spokeswoman for the 17,000-student school.

Despite the early start, health officials say it's not too late to get a flu shot. The vaccine is considered a good — though not perfect — protection against getting really sick from the flu.

Flu was widespread in 47 states last week, up from 41 the week before, the Centers for Disease Control and Prevention said on Friday. The only states without widespread flu were California, Mississippi and Hawaii.

The number of hard-hit states fell to 24 from 29, where larger numbers of people were treated for flu-like illness. Now off that list: Florida, Arkansas and South Carolina in the South, the first region hit this flu season.

Recent flu reports included holiday weeks when some doctor's offices were closed, so it will probably take a couple more weeks to get a better picture, CDC officials said Friday. Experts say so far say the season looks moderate.

"Only time will tell how moderate or severe this flu season will be," CDC Director Dr. Thomas Frieden said Friday in a teleconference with reporters.

The government doesn't keep a running tally of adult deaths from the flu, but estimates that it kills about 24,000 people in an average year. Nationally, 20 children have died from the flu this season.

Flu vaccinations are recommended for everyone 6 months or older. Since the swine flu epidemic in 2009, vaccination rates have increased in the U.S., but more than half of Americans haven't gotten this year's vaccine.

Nearly 130 million doses of flu vaccine were distributed this year, and at least 112 million have been used. Vaccine is still available, but supplies may have run low in some locations, officials said.

To find a shot, "you may have to call a couple places," said Dr. Patricia Quinlisk, who tracks the flu in Iowa.

In midtown Manhattan, Hyrmete Sciuto got a flu shot Friday at a drugstore. She skipped it in recent years, but news reports about the flu this week worried her.

During her commute from Edgewater, N.J., by ferry and bus, "I have people coughing in my face," she said. "I didn't want to risk it this year."

The vaccine is no guarantee, though, that you won't get sick. On Friday, CDC officials said a recent study of more than 1,100 people has concluded the current flu vaccine is 62 percent effective. That means the average vaccinated person is 62 percent less likely to get a case of flu that sends them to the doctor, compared to people who don't get the vaccine. That's in line with other years.

The vaccine is reformulated annually, and this year's is a good match to the viruses going around.

The flu's early arrival coincided with spikes in flu-like illnesses caused by other bugs, including a new norovirus that causes vomiting and diarrhea, or what is commonly known as "stomach flu." Those illnesses likely are part of the heavy traffic in hospital and clinic waiting rooms, CDC officials said.

Europeans also are suffering an early flu season, though a milder strain predominates there. China, Japan, the West Bank, the Gaza Strip, Algeria and the Republic of Congo have also reported increasing flu.

Flu usually peaks in midwinter. Symptoms can include fever, cough, runny nose, head and body aches and fatigue. Some people also suffer vomiting and diarrhea, and some develop pneumonia or other severe complications.

Most people with flu have a mild illness. But people with severe symptoms should see a doctor. They may be given antiviral drugs or other medications to ease symptoms.

Some shortages have been reported for children's liquid Tamiflu, a prescription medicine used to treat flu. But health officials say adult Tamiflu pills are available, and pharmacists can convert those to doses for children.

___

Associated Press writers Dan Sewell in Cincinnati, Catherine Lucey in Des Moines, and Malcolm Ritter in New York contributed to this report.

___

Online:

CDC flu: http://www.cdc.gov/flu/index.htm

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S&P, Nasdaq dip as Apple weighs

NEW YORK (Reuters) - Wall Street slipped on Monday, weighed down by shares of Apple in the face of demand concerns, while investors faced a busy week for earnings in what is expected to be a lackluster quarter.

Apple lost 2.8 percent to $505.84 as the biggest drag on both the S&P 500 and Nasdaq 100 <.ndx> indexes after reports that the tech company has cut orders for LCD screens and other parts for the iPhone 5 this quarter due to weak demand. The stock earlier hit a session low of $498.51, the first dip below $500 since February 16.

"There is this speculation building 'Is this the end of Apple?'" said Carol Pepper, chief executive of Pepper International in New York.

But Pepper said Apple also "doesn't have to grow at the rate it was to do extremely well. It's still going to be one of the marquee companies of the U.S. and the world."

Apple suppliers also lost ground, with Cirrus Logic off 6.8 percent to $29.43 and Qualcomm down 1.2 percent to $64.13. The S&P tech sector <.gspt> gave up 0.9 percent as the worst perfumer of the 10 major S&P sectors.

The pace of earnings season picks up this week with 38 S&P 500 companies set to report, including Goldman Sachs , Bank of America , Intel and General Electric .

Overall earnings are expected to grow by just 1.9 percent in this reporting period, according to Thomson Reuters data.

President Barack Obama is expected to hold a news conference, which will cover looming budget and debt ceiling due dates on Monday, White House officials said.

"We could have some more noise because they are trying to get people to focus on their issues, but I don't think they are going" to allow the government to default, said Pepper.

Separately, Federal Reserve Chairman Ben Bernanke will be speaking on monetary policy, recovery from the global financial crisis and long-term challenges facing the American economy at 4 p.m. (2100 GMT).

The Dow Jones industrial average <.dji> added 6.79 points, or 0.05 percent, to 13,495.22. The Standard & Poor's 500 Index <.spx> shed 3.37 points, or 0.23 percent, to 1,468.68. The Nasdaq Composite Index <.ixic> lost 14.16 points, or 0.45 percent, to 3,111.48.

Appliance and electronics retailer Hhgregg Inc slumped 9.6 percent to $7.13 after the electronics and appliance retailer cut its same-store sales forecast for the full year.

Transocean Ltd has disclosed that billionaire activist investor Carl Icahn has acquired a 1.56 percent stake in the offshore rig contractor and is looking to increase that holding. Its shares rose 2.5 percent to $55.43.

The Dow, which does not list Apple as one of its components, fared better than the other two indexes as Hewlett-Packard rose 3.8 percent to $16.78 after JPMorgan upgraded its rating on the stock and raised its price target to $21 from $15.

(Reporting by Chuck Mikolajczak; Editing by Kenneth Barry)

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