Friday, March 29, 2013

Scientists find new gene markers for cancer risk

EW YORK (AP) ? A huge international effort involving more than 100 institutions and genetic tests on 200,000 people has uncovered dozens of signposts in DNA that can help reveal further a person's risk for breast, ovarian or prostate cancer, scientists reported Wednesday.

It's the latest mega-collaboration to learn more about the intricate mechanisms that lead to cancer. And while the headway seems significant in many ways, the potential payoff for ordinary people is mostly this: Someday there may be genetic tests that help identify women with the most to gain from mammograms, and men who could benefit most from PSA tests and prostate biopsies.

And perhaps farther in the future these genetic clues might lead to new treatments.

"This adds another piece to the puzzle," said Harpal Kumar, chief executive of Cancer Research U.K., the charity which funded much of the research.

One analysis suggests that among men whose family history gives them roughly a 20 percent lifetime risk for prostate cancer, such genetic markers could identify those whose real risk is 60 percent.

The markers also could make a difference for women with BRCA gene mutations, which puts them at high risk for breast cancer. Researchers may be able to separate those whose lifetime risk exceeds 80 percent from women whose risk is about 20 to 50 percent. One doctor said that might mean some women would choose to monitor for cancer rather than taking the drastic step of having healthy breasts removed.

Scientists have found risk markers for the three diseases before, but the new trove doubles the known list, said one author, Douglas Easton of Cambridge University. The discoveries also reveal clues about the biological underpinnings of these cancers, which may pay off someday in better therapies, he said.

Experts not connected with the work said it was encouraging but that more research is needed to see how useful it would be for guiding patient care. One suggested that using a gene test along with PSA testing and other factors might help determine which men have enough risk of a life-threatening prostate cancer that they should get a biopsy. Many prostate cancers found early are slow-growing and won't be fatal, but there is no way to differentiate and many men have surgery they may not need.

Easton said the prospects for a genetic test are greater for prostate and breast cancer than ovarian cancer.

Breast cancer is the most common malignancy among women worldwide, with more than 1 million new cases a year. Prostate cancer is the second most common cancer in men after lung cancer, with about 900,000 new cases every year. Ovarian cancer accounts for about 4 percent of all cancers diagnosed in women, causing about 225,000 cases worldwide.

The new results were released in 13 reports in Nature Genetics, PLOS Genetics and other journals. They come from a collaboration involving more than 130 institutions in the United States, Europe, and elsewhere. The research was mainly paid for by Cancer Research U.K., the European Union and the U.S. National Institutes of Health.

Scientists used scans of DNA from more than 200,000 people to seek the markers, tiny variations in the 3 billion "letters" of the DNA code that are associated with disease risk.

The scientists found 49 new risk markers for breast cancer plus a couple of others that modify breast cancer risk from rare mutated genes, 26 for prostate cancer and eight for ovarian cancer. Individually, each marker has only a slight impact on risk estimation, too small to be useful on its own, Easton said. They would be combined and added to previously known markers to help reveal a person's risk, he said.

A genetic test could be useful in identifying people who should get mammography or PSA testing, said Hilary Burton, director of the PHG Foundation, a genomics think-tank in Cambridge, England. A mathematical analysis done by her group found that under certain assumptions, a gene test using all known markers could reduce the number of mammograms and PSA tests by around 20 percent, with only a small cost in cancer cases missed.

Among the new findings:

? For breast cancer, researchers calculated that by using all known markers, including the new ones, they could identify 5 percent of the female population with twice the average risk of disease, and 1 percent with a three-fold risk. The average lifetime risk of getting breast cancer is about 12 percent in developed countries. It's lower in the developing world where other diseases are a bigger problem.

? For prostate cancer, using all the known markers could identify 1 percent of men with nearly five times the average risk, the researchers computed. In developed countries, a man's average lifetime risk for the disease is about 14 to 16 percent, lower in developing nations.

?Markers can also make a difference in estimates of breast cancer risk for women with the BRCA1 or BRCA2 gene mutations. Such women are rare, but their lifetime risk can run as high as 85 percent. Researchers said that with the new biomarkers, it might be possible to identify the small group of these women with a risk of 28 percent or less.

For patients like Vicki Gilbert of England, who carries a variation of the BRCA1 gene, having such details about her cancer risk would have made decision-making easier.

Gilbert, 50, found out about her genetic risk after being diagnosed with the disease in 2009. Though doctors said the gene wouldn't change the kind of chemotherapy she got, they suggested removing her ovaries to avoid ovarian cancer, which is also made more likely by a mutated BRCA1.

"They didn't want to express a definite opinion on whether I should have my ovaries removed so I had to weigh up my options for myself," said Gilbert, a veterinary receptionist in Wiltshire. "...I decided to have my ovaries removed because that takes away the fear it could happen. It certainly would have been nice to have more information to know that was the right choice."

Gilbert said knowing more about the genetic risks of cancer should be reassuring for most patients. "There are so many decisions made for you when you go through cancer treatment that being able to decide something yourself is very important," she said.

Dr. Charis Eng, chair of the Genomic Medicine Institute at the Cleveland Clinic, who didn't participate in the new work, called the breast cancer research exciting but not ready for routine use.

Most women who carry a BRCA gene choose intensive surveillance with both mammograms and MRI and some choose to have their breasts removed to prevent the disease, she said. Even the lower risk described by the new research is worrisomely high, and might not persuade a woman to avoid such precautions completely, Eng said.

___

Source: http://news.yahoo.com/scientists-find-new-gene-markers-for-cancer-riskscientists-find-new-gene-markers-for-cancer-risk-213256846.html

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Cyprus's Plan B: What will happen if Moscow won't foot the bill?

Cypriot officials have now lingered in Moscow for a second day of talks regarding a potential bailout deal. Meanwhile, the government is also looking into internal options to drum up funds.

By Robert Marquand,?Staff writer / March 21, 2013

Cyprus?s Central Bank chief, Panicos Demetriades, leaves after a meeting at the presidential palace in Nicosia Thursday. The European Central Bank says it will keep emergency aid for Cyprus's troubled banks in place at least until Monday, but will have to cut it off after that unless an international rescue program is drawn up.

Petros Karadjias/AP

Enlarge

The clock in Nicosia is ticking a lot louder: Tiny Cyprus has four days to come up with about ?6 billion ($7.5 billion) or lose its current lender of last resort, the European Central Bank (ECB).

Skip to next paragraph Robert Marquand

Staff writer

Over the past three decades, Robert Marquand has reported on a wide variety of subjects for?The Christian Science Monitor, including American education reform,?the wars in the Balkans, the Supreme Court, South Asian politics, and the oft-cited "rise of China." In the past 15 years he has served as the Monitor's bureau chief in Paris, Beijing, and New Delhi.?

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Tensions and emotions are high after ECB officials declared on Thursday that Cyprus must guarantee a ?10 billion ($13 billion) bailout by Monday or forfeit and presumably go into default, with unknown consequences for the eurozone economy and beyond.

Cypriot officials are scrambling to conjure new sources of revenue ? a so-called Plan B ? including a look at pension fund leveraging and sales of offshore gas exploration prospects. The finance minister and energy minister have now lingered in Moscow for a second day of talks regarding a potential bailout deal with Russia.?

Cypriot banks will remain closed this weekend even as bankers there worry about huge outflows of capital next week if some kind of deal, whether with the European Union or Moscow, is not in the offing. (Reportedly Russian officials yesterday told their EU counterparts they would not add to a current ?2.5 billion ($3 billion) loan to Cyprus.)?

Cypriot lawmakers vowed Thursday that they would not raise again the idea of a levy or tax on private accounts. However, EU and ECB authorities continue to state that available resources are so limited that the Cyprus parliament will need to revisit the issue, perhaps in a smaller percentage.

Meanwhile, Reuters notes, EU officials?continue to up the ante and put pressure on Cyprus. "I cannot rule out a Cyprus insolvency," Austrian Finance Minister Maria Fekter told the newspaper Oesterreich. "A euro exit would not achieve anything. Cyprus must act now."?

The ECB hard deadline comes a day after Cypriot lawmakers rejected the controversial EU terms of the bailout, engineered mysteriously last week, which require a ?tax? allowing Cypriot authorities to reach into the accounts of private bank deposits and withdraw some 10 percent of funds in accounts over ?100,000 ($130,000) and about 7 percent in accounts under that figure.

The idea of such a tax brings mingled perplexity and outrage in many parts of the world, but especially in Russia, which uses Cyprus as an offshore tax haven.

The Washington Post calculates?that:

Deposits in Cyprus?s banks were seven times the size of its economy at the end of 2012, an unusual situation fostered by low taxes and reputation for lax regulation. Many European policymakers suspect it is a hub for Russian money laundering. Cypriot banks hold $88 billion in deposits, of which $49 billion is in the form of deposits over $129,000, according to analysts? estimates.?

The Christian Science Monitor reports?that Moscow is playing ?hardball? with the Cypriot finance minister in order to protect its massive stake in Cyprus' banking system.

According to official Russian figures, more than $114 billion has flowed into Russia since 2007 from Cyprus, almost all of it in the form of dividends paid by Cyprus-registered holding companies. Big Russian firms, including most metals giants, the state-owned banks Sberbank and VTB, and the independent gas producer Novatek all have important holdings in Cyprus.

"The price of crisis in Cyprus is very high for Russia," says Igor Nikolayev, director of strategic planning for one of Russia's leading auditing firms.

Source: http://rss.csmonitor.com/~r/csmonitor/globalnews/~3/NC_GP51gGCc/Cyprus-s-Plan-B-What-will-happen-if-Moscow-won-t-foot-the-bill

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ZTE Posts Second-Straight Quarter Loss, To Round Off First Annual Loss

zte-logo-001As it already warned, ZTE posted its second-straight quarterly loss, due to contract delays and falling handset sales in China. It made a net loss of 1.14 billion yuan ($183 million) in the three months ended Dec. 31, compared with its net income of 991.16 million yuan a year prior. Sales in the fourth quarter also fell 16 percent to 23.5 billion yuan ($3.78 billion). This rounds off its first yearly loss, at 2.84 billion yuan ($456 million). The company blamed the decrease in profit margin on low-margin contracts in emerging markets like Africa, South America and Asia, as well as its home market of China. ZTE has spent the last 20 years aggressively expanding overseas, but often at the cost of profitability because of its slim profit margins as it undercuts European equipment makers in emerging markets such as India. It recently said it will try to cut costs and make a profit in the first quarter by focusing on developed markets, instead. ZTE has been lagging behind fellow Chinese rival, Huawei Technologies. The former recently announced it will increase its investment in 4G infrastructure, in order to catch up with Huawei, as the two compete for most 4G contracts from the three major carriers in China?China Mobile, China Unicom and China Telecom.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/jaZT_6X9KJY/

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Friday, March 8, 2013

Stock Downgrades: Dark Day In SolarCity - Minyanville

This stealth equity market continues rising to dizzying heights, and sooner or later, the lay public may pay attention. When noted investment expert Richard Bernstein tells the New York Times (NYT), ?We think this could be the biggest bull market of our careers,? it bears listening to. In March 2000, just as the Internet bubble was about to burst, he declared, ?Attention Venture. Capitalists: Leave Silicon Valley for West Texas,? and that advice, on the cusp on a simultaneous tech collapse and energy boom, turned out to be priceless.?
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An upgrade?by Best Buy (BBY) analyst Daniel Binder sent that?stock, already up 55% this year, 1.90% higher. ?Binders full of women? alas proved less profitable for Mitt Romney.?Staples?(SPLS), the firm he helped to establish, slumped 7.15%.
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Apple?Inc. (AAPL) lost 1.27% on a?ratings reduction. Rival?BlackBerry?(BBRY) fared better, jumping 6.12% after strong sales of its BlackBerry 10 continue to raise eyebrows, including, apparently,?those of its CEO.
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Today in economics, analysts expect a contraction in January consumer credit at 3:00 p.m. Eastern. On the earnings front, Adidas (PINK:ADDYY), Ciena?(CIEN),?Finisar?(FNSR),?H&R Block?(HRB),?John Wiley & Sons (JW-A),?Kroger?(KR),?Nationstar Mortgage (NSM), Navistar (NAV),?Pandora Media?(P),?Quiksilver?(ZQK), Skullcandy?(SKUL),?Smithfield Foods (SFD), Telecom Italia?(TI), and Workday (WDAY) are all due to report results.
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Allergan?(AGN): The Botox maker is now Neutral from Buy at Buckingham.
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American Water Works?(AWK): Citing its steep valuation, Citigroup downgrades the utility to Neutral from Buy with an updated price objective of $42.
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Aviva?(AV): Morgan Stanley pulls the stock from its list of Best Ideas.
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Badger Meter?(BMI): Janney Capital cuts the technical instrument company to Neutral from Buy due to valuation concerns.
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Big Lots?(BIG): Raymond James moves the stock, which surged some 6.14% on Wednesday, to Underperform from Market Perform. (Note that shares also scored an upgrade this morning.)
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CommonWealth REIT?(CWH): A recent dilutive equity offering is among the reasons behind Stifel Nicolauss slashing the stock to Sell from Hold.
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Daimler?(PINK:DDAIF): The luxury automaker whose brands include Mercedes-Benz is now Neutral from Buy at Citi.
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DaVita HealthCare Partners?(DVA): Deutsche Bank downgrades DVA to Hold from Buy with a $130 price target.
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DFC Global?(DLLR): The stock is now Neutral from Buy at Nomura.
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DigitalGlobe?(DGI): DGI gets downgraded to Hold from Buy at Benchmark, which sees this as a transitional year with an overall lack of stock price movers as it digests an acquisition. Its price objective is $27.
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Fresenius Medical Care?(FMS): Troubled by constrained near-term growth amid industry headwinds, RBC Capital cuts the stock to Sector Perform from Outperform with a $36 target.
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Lincoln Educational Services?(LINC): BMO Capital lowers LINC to Underperform from Market Perform with a $4 objective on account of its weak capacity utilization.
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Quicksilver Resources?(KWK): Shares are cut to Hold from Buy at MLV & Co. amid a delay in de-leveraging its balance sheet.
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SandRidge Energy?(SD): Saying that shares are significantly overvalued, BMO Capital moves the stock to Market Perform from Outperform and also trims its target by $2 to $4.
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Sociedad Qu?mica y Minera?(SQM): Miller Tabak moves the Chilean chemical company to Hold from Buy with an objective of $60 as iodine margins have peaked quicker than projected.
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SolarCity?(NASDAQ:SCTY): The stock, imploding some 8.35% ahead of the open, is now Hold from Buy at Needham due to a lack of upside to its deployment target.
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United Natural Foods?(UNFI): Argus lowers its rating to Hold from Buy.
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Vitacost.com?(VITC): Shares are slashed to Sell from Neutral at Roth Capital due to increased competition and a margin squeeze among other issues. The new target price is $6.00, down from $5.50.
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William Morrison Supermarkets?(PINK:MRWSY): The British grocery giant gets downgraded to Underweight from Neutral at HSBC Securities.

(See also: New Stock Coverage: Make Sure You Are on Angie?s List and Stock Upgrades: Fine Time to Buy Time Warner.)

No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

Source: http://www.minyanville.com/trading-and-investing/stocks/articles/Stock-Downgrades253A-Dark-Day-in-SolarCity/3/7/2013/id/48586

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