European shares retreat on corporate worries, growth outlook

LONDON (Reuters) - European shares edged down on Thursday as concerns grow over the outlook for growth and corporate earnings, while oil prices gained support after Islamist militants attacked an Algerian gas field.

Worries about the global economic outlook have revived since the World Bank cut its 2013 forecast for global growth to 2.4 percent from its previous estimate of 3 percent, citing the prospect of poor performance across the developed world.

A massive $14 billion writedown at global mining giant Rio Tinto amid fears weak growth in the fourth quarter of 2012 will result in poor corporate results has further undermined investor confidence.

"The market will remain predominantly in a consolidation mood following a cautious outlook on earnings. I think European companies will disappoint a bit," said Christian Stocker, equity strategist at UniCredit in Munich.

The FTSEurofirst 300 index <.fteu3> of top European shares slipped nearly 0.1 percent to 1,159.00 points in early trade. London's FTSE 100 <.ftse>, Paris's CAC-40 <.fchi> and Frankfurt's DAX <.gdaxi> were flat to 0.3 percent lower.

"There's been a mixed bag on the earnings front so far," said Darren Easton, director of trading at Logic Investments.

"In the short-term, we're in the bear camp," he added.

MSCI's broadest index of Asian shares outside Japan <.miapj0000pus> fell 0.2 percent, extending declines for a third consecutive session.

The falls were led by a slump in Chinese stocks as investors retreated ahead a slew of key economic data due on Friday including fourth-quarter GDP, December industrial output, retail sales and house prices.

Oil prices, which are under pressure from the prospects of weaker demand in 2013, gained support from concerns about supplies being affected by military activity in Algeria and Mali.

Islamist fighters seized dozens of Western and Algerian hostages in a dawn raid on a natural gas facility deep in the Sahara on Wednesday and demanded France halt a new offensive against rebels in neighboring Mali.

Brent added 2 cents to $109.70 a barrel, though U.S. oil slipped 10 cents to $94.14.

In the debt market, yields on safe-have German bonds were creeping lower as equity markets softened, but investors were reluctant to make big bets before a Spanish debt sale.

Spain plans to tap the market for up to 4.5 billion euros in short and long-term bonds and is expected to see good demand and sharply lower yields as the European Central Bank's promise to support the debt of struggling nations has encouraged investors.

The dollar and the euro were choppy, as both currencies pared back some of their recent big gains against the yen after a Japanese official this week expressed concerns about excessive yen weakness.

The yen is expected to remain on a weakening trend amid expectations for bolder BOJ monetary easing measures at its January 21-22 policy meeting as part of the new government's push to drive Japan out of years of deflation and economic slump.

The dollar rose 0.25 percent to 88.60 yen, off its peak since June 2010 of 89.67 touched on Monday, while the euro gained 0.4 percent to 117.95 yen, after surging to its highest since May 2011 of 120.13 yen on Monday.

"The BOJ will probably disappoint to some degree. They'll deliver what the market expects but no more than that," said Gareth Berry, G10 FX strategist for UBS in Singapore.

(Reporting by Richard Hubbard; Editing by Will Waterman)

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Facing the French, Mali Rebels Dig In and Blend In

Joe Penney/Reuters

As France fortified its ground forces in Mali, French soldiers refueled armored personnel carriers, newly arrived from Ivory Coast, at a Bamako air base on Tuesday.

BAMAKO, Mali — In the face of fierce, all-night bombardment by the French military, Mali’s Islamist insurgents have hunkered down to fight again.

Barging into some of the mud-brick houses in the battle zone and ejecting residents, they have sought to implant themselves in the local population and add to the huge challenges facing the French military campaign to loosen their grip on Mali.

“They are in the town, almost everywhere in the town,” said Bekaye Diarra, who owns the pharmacy in Diabaly, which experienced French bombing on Tuesday but remained under the control of the insurgents. “They are installing themselves.”

Benco Ba, a parliamentary deputy there, described residents in fear of the conflict that had descended on them. “The jihadists are going right into people’s families,” he said. “They have completely occupied the town. They are dispersed. It’s fear.”

Six days into the French military campaign, it was becoming clear that airstrikes alone will probably not be enough to root out these battle-hardened fighters, who know well the harsh grassland and desert terrain of Mali.

French Defense Minister Jean-Yves Le Drian, speaking as French ground forces deployed in the north, said on Wednesday that the campaign would be long, Reuters reported.

“We’re in a better position than last week, but the combat continues and it will be long, I imagine,” he said on RTL radio. “Today the ground forces are in the process of deploying,” he said. “Now the French forces are reaching the north,” Reuters said.

Adm. Edouard Guillaud, the French chief of staff, was quoted by The Associated Press as saying that ground operations began overnight. “Now we’re on the ground,” Admiral Guillaud said. “We will be in direct combat within hours.”

Containing the rebels’ southern advance toward Bamako, the capital, is proving more challenging than anticipated, French military officials have acknowledged. And with the Malian Army in disarray and no outside African force yet assembled, displacing the rebels from the country altogether appears to be an elusive, long-term challenge.

The jihadists are “dug in” at Diabaly, Mr. Le Drian said Tuesday at a news conference. From that strategic town, they “threaten the south,” he said, adding: “We face a well-armed and determined adversary.”

Mr. Le Drian also acknowledged that the Malian Army had not managed to retake the town of Konna, whose seizure by the rebels a week ago provoked the French intervention. “We will continue the strikes to diminish their potential,” the minister said.

Using advanced attack planes and sophisticated military helicopters, the French campaign has forced the Islamists from important northern towns like Gao and Douentza. But residents there say that while the insurgents suffered losses, many of them had simply gone into the nearby bush.

“Bombing will weaken them, and it will stop their advance,” said Djallil Lounnas, an expert on the region at the University of Montreal who has written widely on Al Qaeda in the Islamic Maghreb, one of the main extremist groups in northern Mali. “But as soon as the bombing stops, they’ll come back.”

Since the French started bombing, he said, “the situation has changed slightly, but not fundamentally.”

Other analysts said that while forcing the insurgents from the cities was achievable, eliminating them altogether would require considerable additional effort.

“You can’t launch a war of extermination against a very tenacious and mobile adversary,” said Col. Michel Goya of the French Military Academy’s Strategic Research Institute. “We are in a classic counterinsurrectionary situation. They are well armed, but the weapons are not sophisticated. A couple of thousand men, very mobile.”

And they have been preparing for battle for months.

One resident of Gao who accompanied Islamist fighters to a desert hide-out in recent months described a vast system of underground caves big enough to drive cars into, said Corinne Dufka, a senior researcher at Human Rights Watch.

Adam Nossiter reported from Bamako, and Eric Schmitt from Washington. Steven Erlanger and Scott Sayare contributed reporting from Paris, and Elisabeth Bumiller from Madrid.

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Apple scoops PBS on “Downton Abbey” episodes, but PBS is cool with it

NEW YORK (TheWrap.com) – Apple is making the entire third season of “Downton Abbey” available on iTunes before every episode airs on PBS – and that’s just fine with PBS.

Fans who buy a season pass on iTunes beginning January 29 will get to see three episodes before they air on PBS. The Season 3 finale airs February 17.

But PBS CEO Paula Kerger isn’t worried that viewers will watch the show online, then tune out PBS. In fact, she says, Apple isn’t the only place Americans can see “Downton” before they can see it on her network.

“You can also buy the DVD sets. They’re being shipped at the end of January, and the DVD sets and Apple are going up at the same time,” Kerger told TheWrap. “I think that for people who are really passionate and want to have it, it’s a great thing.”

Kerger says she hopes more viewers will discover “Downton” on whatever format they like best – and then watch it on PBS next season.

“At the end of the day, my interest is just in seeing it get to the widest possible audience, and there are people that would pick it up on Apple that may not pick it up anywhere else,” she said.

The first episode of the third season premiered to a record 7.9 million viewers earlier this month. Many of those viewers, no doubt, caught up on the previous seasons online or through DVD viewing.

“Downton” airs in the U.K. in the fall but on PBS in January, which means PBS viewers must shield themselves from spoilers. That has led to some grumbling from American fans.

But Kerger said airing the show in January allows the show to get more attention domestically than it might otherwise receive in the crowded fall season.

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It's a Boy for Elton John

Mom & Babies
Celebrity Baby Blog

01/15/2013 at 10:00 PM ET

George Pimentel/WireImage

Elton John is a father again!

The musician and David Furnish welcomed their second child, son Elijah Joseph Daniel Furnish-John, via surrogate on Friday, Jan. 11 in Los Angeles, the couple confirm to HELLO.

Born at 6:40 p.m., Elijah weighed in at 8 lbs., 4 oz.

John and Furnish, who married in 2005, are already parents to son Zachary Jackson Levon, 2.

“Both of us have longed to have children, but the reality that we now have two sons is almost unbelievable. The birth of our second son completes our family in a most precious and perfect way,” the couple say in a statement.

“It is difficult to fully express how we are feeling at this time; we are just overwhelmed with happiness and excitement.”

John, 65, has been open about his desire to expand their family.

“I know when he goes to school there’s going to be an awful lot of pressure, and I know he’s going to have people saying, ‘You don’t have a mummy,’” says the singer-songwriter of his decision to have another baby.

“It’s going to happen. We talked about it before we had him. I want someone to be at his side and back him up. We shall see.”

– Sarah Michaud

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Risk to all ages: 100 kids die of flu each year

NEW YORK (AP) — How bad is this flu season, exactly? Look to the children.

Twenty flu-related deaths have been reported in kids so far this winter, one of the worst tolls this early in the year since the government started keeping track in 2004.

But while such a tally is tragic, that does not mean this year will turn out to be unusually bad. Roughly 100 children die in an average flu season, and it's not yet clear the nation will reach that total.

The deaths this year have included a 6-year-old girl in Maine, a 15-year Michigan student who loved robotics, and 6-foot-4 Texas high school senior Max Schwolert, who grew sick in Wisconsin while visiting his grandparents for the holidays.

"He was kind of a gentle giant" whose death has had a huge impact on his hometown of Flower Mound, said Phil Schwolert, the Texas boy's uncle.

Health officials only started tracking pediatric flu deaths nine years ago, after media reports called attention to children's deaths. That was in 2003-04 when the primary flu germ was the same dangerous flu bug as the one dominating this year. It also was an earlier than normal flu season.

The government ultimately received reports of 153 flu-related deaths in children, from 40 states, and most of them had occurred by the beginning of January. But the reporting was scattershot. So in October 2004, the government started requiring all states to report flu-related deaths in kids.

Other things changed, most notably a broad expansion of who should get flu shots. During the terrible 2003-04 season, flu shots were only advised for children ages 6 months to 2 years.

That didn't help 4-year-old Amanda Kanowitz, who one day in late February 2004 came home from preschool with a cough and died less than three days later. Amanda was found dead in her bed that terrible Monday morning, by her mother.

"The worst day of our lives," said her father, Richard Kanowitz, a Manhattan attorney who went on to found a vaccine-promoting group called Families Fighting Flu.

The Centers for Disease Control and Prevention gradually expanded its flu shot guidance, and by 2008 all kids 6 months and older were urged to get the vaccine. As a result, the vaccination rate for kids grew from under 10 percent back then to around 40 percent today.

Flu vaccine is also much more plentiful. Roughly 130 million doses have been distributed this season, compared to 83 million back then. Public education seems to be better, too, Kanowitz observed.

The last unusually bad flu season for children, was 2009-10 — the year of the new swine flu, which hit young people especially hard. As of early January 2010, 236 flu-related deaths of kids had been reported since the previous August.

It's been difficult to compare the current flu season to those of other winters because this one started about a month earlier than usual.

Look at it this way: The nation is currently about five weeks into flu season, as measured by the first time flu case reports cross above a certain threshold. Two years ago, the nation wasn't five weeks into its flu season until early February, and at that point there were 30 pediatric flu deaths — or 10 more than have been reported at about the same point this year. That suggests that when the dust settles, this season may not be as bad as the one only two years ago.

But for some families, it will be remembered as the worst ever.

In Maine, 6-year-old Avery Lane — a first-grader in Benton who had recently received student-of-the-week honors — died in December following a case of the flu, according to press reports. She was Maine's first pediatric flu death in about two years, a Maine health official said.

In Michigan, 15-year-old Joshua Polehna died two weeks ago after suffering flu-like symptoms. The Lake Fenton High School student was the state's fourth pediatric flu death this year, according to published reports.

And in Texas, the town of Flower Mound mourned Schwolert, a healthy, lanky 17-year-old who loved to golf and taught Sunday school at the church where his father was a youth pastor.

Late last month, he and his family drove 16 hours to spend the holidays with his grandparents in Amery, Wis., a small town near the Minnesota state line. Max felt fluish on Christmas Eve, seemed better the next morning but grew worse that night. The family decided to postpone the drive home and took him to a local hospital. He was transferred to a medical center in St. Paul, Minn., where he died on Dec. 29.

He'd been accepted to Oklahoma State University before the Christmas trip. And an acceptance letter from the University of Minnesota arrived in Texas while Max was sick in Minnesota, his uncle said.

Nearly 1,400 people attended a memorial service for Max two weeks ago in Texas.

"He exuded care and love for other people," Phil Schwolert said.

"The bottom line is take care of your kids, be close to your kids," he said.

On average, an estimated 24,000 Americans die each flu season, according to the Centers for Disease Control and Prevention. People who are elderly and with certain chronic health conditions are generally at greatest risk from flu and its complications.

The current vaccine is about 60 percent effective, and is considered the best protection available. Max Schwolert had not been vaccinated, nor had the majority of the other pediatric deaths.

Even if kids are vaccinated, parents should be watchful for unusually severe symptoms, said Lyn Finelli of the CDC.

"If they have influenza-like illness and are lethargic, or not eating, or look punky — or if a parent's intuition is the kid doesn't look right and they're alarmed — they need to call the doctor and take them to the doctor," she advised.

___

CDC advice on kids: http://www.cdc.gov/flu/protect/children.htm

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Asian shares fall on growth caution, Nikkei hit as yen gains

TOKYO (Reuters) - Asian shares fell on Wednesday as cautious investors waited for crucial economic data from China later this week, while the yen's extended gains spurred profit taking in Japanese equities after their recent rally.

Japan's benchmark Nikkei average <.n225> shed 2.6 percent for its largest daily decline in eight months, sharply reversing Tuesday's rally that lifted the index to a 32-month closing high, as the yen paused from its recent heavy selling and extended gains for two days in a row. <.t/>

The weak yen has been a catalyst for the Nikkei's 24 percent gain over the past two months.

"It's a correction. Some exporters' gains are legitimate, but others aren't, so I am selling exporters which have gained while their fundamentals are still poor such as Panasonic," said Makoto Kikuchi, Chief Executive of Myojo Asset Management in Tokyo.

Many other markets which had rallied opted to trim long positions ahead of a slew of reports due on Friday from China, the world's second-largest economy and top consumer of most commodities.

The MSCI's broadest index of Asia-Pacific shares outside Japan <.miapj0000pus> wiped out earlier modest gains to fall 0.4 percent, dragged lower by a 1.5 percent drop in the index's worst performer, Shanghai shares <.ssec>. Hong Kong shares <.hsi> shed 0.6 percent.

Bucking the risk-off trend, Australian shares and Brent futures gained, encouraged by Tuesday's stronger-than-expected U.S. retail sales data in December.

European markets are seen rising modestly, with financial spread-betters predicting London's FTSE 100 <.ftse>, Paris's CAC-40 <.fchi> and Frankfurt's DAX <.gdaxi> would open up as much as 0.3 percent. A 0.2 percent fall in U.S. stock futures hinted at a weak start on Wall Street. <.l><.eu><.n/>

Data showing China's foreign direct investment inflows falling by a smaller percentage in December than the month before helped trim losses in Chinese stocks, ahead of fourth-quarter GDP and December industrial output, retail sales and house price data expected on Friday.

The data from China will be keenly watched by investors for clues on the health of the Asia's biggest economy and global growth prospects.

Being Asia's sole outperformer, Australian shares <.axjo> advanced 0.5 percent, led by banks and defensives after Wall Street posted modest gains on the retail sales data.

"It would appear that a number of traders are waiting to see how Friday's Chinese GDP data pans out before buying with more conviction and this is particularly true of the mining sector," said Tim Waterer, senior trader at CMC Markets in Sydney.

Selling in the dollar and the euro against the yen in what traders say is a short-term corrective move was sparked by a Japanese official on Tuesday warning of damage from excessive yen weakness through rising import prices.

The yen had steadily fallen over the past two months on expectations the new government would embark on aggressive fiscal stimulus while pushing the Bank of Japan to take bold monetary easing steps.

Data on Wednesday showed Japan's core machinery orders rose 3.9 percent in November from October, exceeding a forecast 0.3 percent rise, but another report showed consumer confidence worsened in December.

The dollar fell 0.7 percent to 88.13 yen, after scaling its peak since June 2010 of 89.67 on Monday.

The euro slumped 0.9 percent to 117.09 yen, after surging to its highest since May 2011 of 120.13 yen on Monday.

REALLOCATION UNDERWAY?

The euro eased 0.2 percent against the dollar to $1.3281, after reaching an 11-month high of $1.3404 on Monday.

The euro was pressured by a weak economic report from Germany as well as comments from the chairman of the euro zone finance ministers, Jean-Claude Juncker, who on Tuesday said the euro was "dangerously high" without elaborating.

The single currency eased 0.1 percent against the Swiss franc at 1.2385, off Tuesday's 13-month high of 1.2413 francs. The Swiss franc has been hit by receding safe-haven bids as falling yields in deeply indebted countries such as Spain and Italy eased concerns about the euro zone's debt crisis.

Reversals in the strengthening trend for the Swiss franc and the yen may suggest asset reallocations are taking place.

"Old regimes are dying and FX is the first sign of this process. We are seeing this in JPY, are starting to see this in CHF," Sebastien Galy, strategist at Societe Generale, said in a note to clients.

Spot gold rose 0.2 percent to $1,681.55 an ounce, underpinned by wariness about U.S. default risks.

But platinum fell 0.7 percent to $1,666.75 an ounce after hitting a three-month high of $1,699.50 on Tuesday on supply fears. It traded at a premium to gold on Tuesday for the first time since March 2012.

The benchmark gold futures contract on the Tokyo Commodity Exchange hit a record high for a third consecutive session, rising to 4,828 yen a gram.

U.S. crude was up 0.2 percent to $93.44 a barrel while Brent was up 0.3 percent to $110.61.

A falling stock market weighed on Asian credit markets, pushing the spread on the iTraxx Asia ex-Japan investment-grade index wider by 2 basis points.

(Additional reporting by Ayai Tomisawa in Tokyo and Thuy Ong in Sydney; Editing by Shri Navaratnam)

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India Ink: Indian Court Issues Warrant for Porsche C.E.O.'s Arrest

An Indian court has issued a warrant of arrest for Matthias Mueller, the chief executive officer and chairman of Porsche AG, the iconic German carmaker, and eight other executives from the company.

The bailable warrants come as a result of a court case filed by Precision Cars India, a former importer of Porsche cars based in New Delhi.

Precision Cars has been an importer for Porsche vehicles in India since 2003. However, when Porsche appointed Volkswagen Group Sales India as their sole importer in April 2012, they allegedly failed to inform Precision Cars, which Precision executives said left them no choice but to file a lawsuit.

“All along we have been making bona-fide efforts to sort out the issues with Porsche, but they are acting in an illegal and unjust manner and have not been giving any support in resolving the issues so we were not left any choice but pursue the matter legally and await justice,” Precision Cars India said in a statement.

The bailable arrest warrants, issued by the Court of the Additional Chief Metropolitan Magistrate No.3 in Jaipur, were issued on the basis of several charges including extortion, cheating, dishonestly inducing delivery of property, criminal breach of trust and criminal conspiracy filed against Porsche AG by Precision Cars India.

Mr. Mueller, who was contacted at the auto show in the United States, said lawyers were investigating the issue and that he had no further comment.

Because accused executives are originally from Germany and the United Arab Emirates, the Central Bureau of Investigation has written to the Interpol in a letter dated November 8, 2012 asking that, “necessary action in the matter” be taken up with the concerned countries.

From January 2011 to March 2012, Precision Cars sold an average of 35 cars per month. During Porsche India’s first month of working with Volkswagen in India, in October 2012, the company sold 117 cars, followed by 51 cars in November.

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Can We Trust CNET Again After a Scandal This Shady?

CNET, one of the Internet’s first and most influential authorities on gadgets and tech news, watched its editorial integrity spiral out of control Monday, with staffers quitting and editors left to explain themselves in the wake of explosive new charges over its annual Consumer Electronics Show awards — a scandal, it would appear, that goes all the way to the top of its corporate umbrella, and could shake the entire ecosystem of online tech journalism.

RELATED: CBS Puts CNET in an Ethically Questionable Spot at CES

Contrary to an already controversial move first reported last Friday, CNET parent company CBS didn’t just asked the site to remove Dish’s Slingbox Hopper from consideration for its Best of CES Awards amidst a lawsuit between CBS and Dish; the removal came after executives learned the gadget would take the top award, and that request came down from CBS CEO Leslie Moonves himself, sources tell The Verge’s Joshua Topolsky. Now, CNET’s corporate responsibilities appear to have made the long trusted site bend at will and, despite desperate pushback from some of its writers and editors, it appears CNET may have moved to cover up the series of events that led to the removal of the award.

RELATED: Following Time and CNN, The Washington Post Suspends Zakaria

For CNET, all of this looks very bad. How can readers trust the site for its famously unbiased reviews and industry news coverage if a media-conglomerate overlord is insisting that some things just “can’t exist”? The events that have unfolded since the scandal broke wide open haven’t exactly restored anyone’s faith. Greg Sandoval, a seven-year veteran of the site, announced his resignation Monday morning on Twitter, citing a lack of “editorial independence” from CBS as his motivation. In a separate tweet, he called CNET’s dishonesty about its parent company‘s involvement with Dish “unacceptable.” Since, both CNET and CBS have released not-too-convincing statements. 

RELATED: Does The Times’ Public Editor Regret Its Adventures in Social-Media Babysitting?

Following the Verge report and Sandoval’s resignation, CNET Editor in Chief Lindsay Turrentine explained how CNET editors did everything in their power to fend off corporate insistence on its editorial decisions, but found the power of a pending deal between two bigger media companies too intimidating. So the editors gave in, and waited. “We were in an impossible situation as journalists,” Turrentine wrote, adding that she thought about resigning. “I decided that the best thing for my team was to get through the day as best we could and to fight the fight from the other side.” 

RELATED: What Kind of David Brooks Hater Are You?

Speaking for many a media and tech pundit, Reuters’s Megan McCarthy questioned the front side of the internal debate: 

CNET’s editor-in-chief’s explains why she caved to CBS. Why didn’t she just refuse to award the Best in Show? : news.cnet.com/8301-30677_3-5…

— Megan McCarthy (@Megan) January 14, 2013

For her part, Turrentine seems to have one major regret: “I wish I could have overridden the decision not to reveal that Dish had won the vote in the trailer.” That doesn’t exactly scream editorial independence, as The Verge’s Sean Hollister pointed out on Twitter.

CNET doesn’t get it either. “I wish I could have overridden the decision not to reveal” is NOT editorial independence. cnet.co/VWBv5o

— Sean Hollister (@StarFire2258) January 14, 2013

Turrentinge went on to say that if she had to face this “dilemma” again, she would not quit. Meaning, if this turns into more than a one-time incident, she wouldn’t have a problem bending to CBS again? 

RELATED: Did Cops Target Journalist’s Wife’s Spa with Prostitution Raid as Payback?

CBS’s statement to The Verge hasn’t calmed the critics, either. “In terms of covering actual news, CNET maintains 100% editorial independence, and always will. We look forward to the site building on its reputation of good journalism in the years to come,” reads the CBS reply. But when you’re dealing with angry tech readers, their nerdfest of the year, and the corporate responsibilities  therein, 100 percent of trust is tough to build back.

While CNET struggles to emerge from this mess, the situation appears to be threatening the entire ecosystem of the technology press, which has a history of reinventing its standards on bias in product reviews. A number of gadget and tech-news sites fall under larger corporate umbrellas: AOL owns Engadget; NewsCorp owns The Wall Street Journal and its influential tech coverage; BuzzFeed FWD has to answer to its investors, who put money in all sorts of tech ventures; IAC invests in companies like Aereo but owns The Daily Beast. Turns out this wasn’t just a family feud — the CNET and CBS scandal at CES could set a precedent for years to come.

Gadgets News Headlines – Yahoo! News

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Bachelor Sean Lowe: My Girl Must Love Dogs

For any of the 25 women looking to win over this season's Bachelor, Sean Lowe, here's a tip straight from the source: "The girl I'm dating must be into my dogs," he tells PEOPLE.

The proud pet parent to two pooches, a boxer named Lola and a chocolate Labrador named Ellie, Lowe says, "For so long it's just been me and my two dogs, and I'm certainly not going to replace them with any woman."

Having had both animals for the past six years, the hunk has developed a special bond with the duo – though he admits his quest for love has forced him to make some changes.

"For many years, my dogs would sleep in the bed with me," he says. "I'm a big guy and I've got two good-sized dogs, so it's a full bed. Then I just realized one day, 'Alright, if I get married and a woman's going to join me in the bed, there's not going to be enough room.' I had to break the dogs of the habit of sleeping in the bed."

Luckily for Lowe, the pair have taken to their new accommodations easily.

"They're very intelligent dogs; they pick up on things really quickly," he says. "They learn pretty fast."

To hear more from Sean Lowe – including how his dogs help him navigate the dating world – check out the video above.

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Apple drags on S&P, Nasdaq; Dell jumps after report

NEW YORK (Reuters) - The S&P 500 and Nasdaq ended lower on Monday as worries over demand for Apple products drove down its shares and investors braced for earnings disappointments.

Running counter to that was Dell Inc's stock which jumped 13 percent to about a five-month high at $12.29 after Bloomberg reported the No. 3 personal computer maker is in talks with private equity firms to go private. Dell's gains offset some tech-sector weakness.

Tech heavyweight Apple lost 3.6 percent to $501.75 and was the biggest weight on both the S&P 500 and Nasdaq 100 <.ndx> indexes after reports the company has cut orders for LCD screens and other parts for the iPhone 5 this quarter due to weak demand. The stock hit a session low of $498.51, the first dip below $500 since February 16.

"With Apple, it seems as if the sentiment has shifted from this being the one stock that everybody wanted to own to people beginning to look at it as a company (whose) business is slowing down somewhat," said Eric Kuby, chief investment officer of North Star Investment Management Corp in Chicago.

Adding to investor unease, fourth-quarter earnings kick into high gear this week. Analyst estimates for the quarter have fallen sharply since October. S&P 500 earnings growth is now seen up just 1.9 percent from a year ago, Thomson Reuters data showed.

The Dow Jones industrial average <.dji> was up 18.89 points, or 0.14 percent, at 13,507.32. The Standard & Poor's 500 Index <.spx> was down 1.37 points, or 0.09 percent, at 1,470.68. The Nasdaq Composite Index <.ixic> was down 8.13 points, or 0.26 percent, at 3,117.50.

Apple suppliers also lost ground, with Cirrus Logic off 9.4 percent at $28.62 and Qualcomm down 1 percent at $64.24.

The Dow fared better than the other two indexes, helped in part by Hewlett-Packard shares, which rose 4.9 percent to $16.95. The stock, up early in the session after JPMorgan upgraded its rating on the shares and raised its price target to $21 from $15, added to gains following the Dell report.

Tech has "become the arena for private equity or other capital-restructuring type of maneuvers because of the way their valuations and their balance sheets are," Kuby said.

Appliance and electronics retailer Hhgregg Inc slumped 5.7 percent to $7.44 after the company cut its same-store sales forecast for the full year.

Earnings reports are due this week from Goldman Sachs , Bank of America , Intel and General Electric , among other companies. Third-quarter reports ended with a gain of just 0.1 percent, the worst for an S&P 500 profit period in three years, according to Thomson Reuters data.

President Barack Obama warned Congress at a news conference on Monday that a refusal to raise the U.S. debt ceiling next month could mean a government shutdown and trigger economic chaos.

S&P futures had little reaction to comments after the bell by Federal Reserve Chairman Ben Bernanke, who urged lawmakers to lift the country's borrowing limit to avoid a debt default.

Volume was roughly 5.6 billion shares traded on the New York Stock Exchange, the Nasdaq and the NYSE MKT, compared with the 2012 average daily closing volume of about 6.45 billion.

Decliners were about even with advancers on the NYSE while decliners outpaced advancers on the Nasdaq by about 12 to 11.

(Additional reporting by Chuck Mikolajczak; Editing by Kenneth Barry, Nick Zieminski and Andrew Hay)

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