Southern diet, fried foods, may raise stroke risk

Deep-fried foods may be causing trouble in the Deep South. People whose diets are heavy on them and sugary drinks like sweet tea and soda were more likely to suffer a stroke, a new study finds.

It's the first big look at diet and strokes, and researchers say it might help explain why blacks in the Southeast — the nation's "stroke belt" — suffer more of them.

Blacks were five times more likely than whites to have the Southern dietary pattern linked with the highest stroke risk. And blacks and whites who live in the South were more likely to eat this way than people in other parts of the country were. Diet might explain as much as two-thirds of the excess stroke risk seen in blacks versus whites, researchers concluded.

"We're talking about fried foods, french fries, hamburgers, processed meats, hot dogs," bacon, ham, liver, gizzards and sugary drinks, said the study's leader, Suzanne Judd of the University of Alabama in Birmingham.

People who ate about six meals a week featuring these sorts of foods had a 41 percent higher stroke risk than people who ate that way about once a month, researchers found.

In contrast, people whose diets were high in fruits, vegetables, whole grains and fish had a 29 percent lower stroke risk.

"It's a very big difference," Judd said. "The message for people in the middle is there's a graded risk" — the likelihood of suffering a stroke rises in proportion to each Southern meal in a week.

Results were reported Thursday at an American Stroke Association conference in Honolulu.

The federally funded study was launched in 2002 to explore regional variations in stroke risks and reasons for them. More than 20,000 people 45 or older — half of them black — from all 48 mainland states filled out food surveys and were sorted into one of five diet styles:

—Southern: Fried foods, processed meats (lunchmeat, jerky), red meat, eggs, sweet drinks and whole milk.

—Convenience: Mexican and Chinese food, pizza, pasta.

—Plant-based: Fruits, vegetables, juice, cereal, fish, poultry, yogurt, nuts and whole-grain bread.

—Sweets: Added fats, breads, chocolate, desserts, sweet breakfast foods.

—Alcohol: Beer, wine, liquor, green leafy vegetables, salad dressings, nuts and seeds, coffee.

"They're not mutually exclusive" — for example, hamburgers fall into both convenience and Southern diets, Judd said. Each person got a score for each diet, depending on how many meals leaned that way.

Over more than five years of follow-up, nearly 500 strokes occurred. Researchers saw clear patterns with the Southern and plant-based diets; the other three didn't seem to affect stroke risk.

There were 138 strokes among the 4,977 who ate the most Southern food, compared to 109 strokes among the 5,156 people eating the least of it.

There were 122 strokes among the 5,076 who ate the most plant-based meals, compared to 135 strokes among the 5,056 people who seldom ate that way.

The trends held up after researchers took into account other factors such as age, income, smoking, education, exercise and total calories consumed.

Fried foods tend to be eaten with lots of salt, which raises blood pressure — a known stroke risk factor, Judd said. And sweet drinks can contribute to diabetes, the disease that celebrity chef Paula Deen — the queen of Southern cuisine — revealed she had a year ago.

The National Institute of Neurological Disorders and Stroke, drugmaker Amgen Inc. and General Mills Inc. funded the study.

"This study does strongly suggest that food does have an influence and people should be trying to avoid these kinds of fatty foods and high sugar content," said an independent expert, Dr. Brian Silver, a Brown University neurologist and stroke center director at Rhode Island Hospital.

"I don't mean to sound like an ogre. I know when I'm in New Orleans I certainly enjoy the food there. But you don't have to make a regular habit of eating all this stuff."

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

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Stock futures flat after China, German data

NEW YORK (Reuters) - Stock index futures were little changed Friday following economic data out of China and Germany, though the benchmark S&P index, near five-year highs, was on track for its first weekly drop of the year.

Data showed Chinese exports grew more than expected in January, while imports climbed 28.8 percent, highlighting robust domestic demand, while German data showed a 2012 surplus that was the nation's second highest in more than 60 years, an indication of the underlying strength of Europe's biggest economy.

Comments from European Central Bank President Mario Draghi about the strength of the euro Thursday kindled concern about the euro zone economy and sent U.S. equities lower.

U.S. economic data due out on Friday includes December international trade at 8:30 a.m. ET (1330 GMT) and wholesale inventories for December at 10:00 a.m. (1500 GMT).

Economists in a Reuters poll expect a trade deficit of $46.0 billion versus a $48.7 billion deficit in November while inventories are expected to be up 0.4 percent versus a 0.6 percent increase in November.

"Not enough to move the needle here and the norm of just about anything we put in front of investors this week," said Art Hogan, managing director of Lazard Capital Markets in New York.

The S&P 500 <.spx> has risen for five straight weeks and is up 5.8 percent for the year. Its advance was helped by legislators in Washington averting a series of automatic spending cuts and tax hikes earlier in the year, as well as better-than-expected corporate earnings and data that pointed to modest economic improvement but no immediate change in the Federal Reserve's stimulus plans.

The index, hovering near five-year highs, has found it tougher to climb in recent days as investors await strong trading incentives to drive it further upward.

"The market has gotten to a point where we are going to need a significant positive catalyst to take us through the next level of resistance, but the good news is we tested the new levels of support right around 1,504 on the S&P multiple times and we've held," said Hogan.

S&P 500 futures were unchanged and slightly below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures lost 13 points, and Nasdaq 100 futures added 6 points.

LinkedIn Corp jumped 10.6 percent to $137.28 in premarket trading after announcing both blow-out quarterly profits and a bullish forecast for the new year that exceeded Wall Street's already lofty expectations.

According to Thomson Reuters data through Thursday morning, of 317 companies in the S&P 500 that have reported earnings, 69 percent have exceeded analysts' expectations, above a 62 percent average since 1994 and 65 percent over the past four quarters.

Fourth-quarter earnings for S&P 500 companies grew 5 percent, according to the data, above a 1.9 percent forecast at the start of the earnings season.

European shares rose, recovering from a fall the previous session, as strong Chinese data boosted hopes that the global economy will strengthen and fuel demand for equities.<.eu/>

Asian shares also rose after China's data set the scene for economic recovery, although investors opted to book profit ahead of the Chinese new year holidays next week, limiting gains.

(Editing by Bernadette Baum)

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I.H.T. Special: Social Media Firms Move to Capitalize on Popularity in Middle East

Suhaib Salem/Reuters

Egyptian protesters look at Facebook during a demonstration in Cairo on January 14.

DUBAI — For its most recent advertising push, the Saudi Arabian telecommunications giant Mobily did not turn to the street or television to engage with customers. Mobily paid to promote itself on Twitter.

The use of social media exploded during the Arab Spring as people turned to cyberspace to express themselves. On the back of that, social media networks, including Twitter, Facebook and LinkedIn, have moved into the region commercially, setting up offices to sell advertising products to companies like Mobily, which has over 200,000 Twitter followers, to capitalize on the growing audience.

“In Saudi, social media gets everyone talking to everyone, which is something we just don’t have in the streets here,” said Muna AbuSulayman, a Saudi development consultant and formerly a popular television talk show host, who has over 100,000 followers on Twitter.

“It’s a unique opportunity that lets people have conversations in a boundary-less way that wasn’t possible before,” Ms. AbuSulayman said. “In addition to promoting social and political discussion, it carries a powerful economic incentive for businesses, too.”

The rise of social media in the Arab world is changing the game for regional advertisers, pushing growth in digital advertising in a part of the world where traditional methods like television and print advertising have so far remained dominant.

Digital advertising in the Middle East and North Africa accounts for only about 4 percent of the region’s total advertising spending, at a value of $200 million, according to the most recent available estimate, but it has become the fastest-growing media platform in the region, said a study by the business services firm Deloitte Touche Tohmatsu, published in 2011. Deloitte’s Arab Media Outlook projected growth in digital advertising spending in the region of 35 percent a year over the next three years, generating about $580 million across the region by 2015.

“The fact is that consumers are online, so brands need to be online,” said Reda Raad, chief operating officer of TBWA\Raad, the Middle East arm of the global advertising agency TBWA. “The use of digital channels has continued to increase dramatically after the Arab Spring and advertising on social media has become a highly targeted, cost-efficient way of communicating with consumers.”

Major brands, including Pepsi Arabia, are taking note. Saudi Arabia has the highest number of Twitter users in the Arab world, holding 38 percent of the region’s two million users, according to a report by the Dubai School of Government’s Arab Social Media Report released in June. In the past year alone, the number of Twitter users in the Arab world tripled, according to Shailesh Rao, Twitter’s vice president for international operations.

Thanks to the platform’s popularity in Saudi Arabia, Egypt, Kuwait and the United Arab Emirates, Arabic is now the fastest-growing language on the Twitter platform.

“We prioritized a list of regions where we wanted to have a business presence, and the Mideast rises toward the top because the region’s user base is one of the fastest-growing in the world,” Mr. Rao said during an interview. “This represents a huge opportunity for brands looking for a large audience that is rapidly growing.”

Twitter has formed a partnership with the Egyptian digital advertising company Connect Ads to market and sell advertising services across the Middle East and North Africa region. Connect Ads will offer brand managers and marketers Twitter’s products, which include promoted tweets, promoted accounts and promoted trends.

Through these, a brand can reach broad Twitter audiences or more narrowly defined geographic or demographic segments. They can even target users of specific smartphone brands, like iPhones. Brands that have signed up so far include Mobily, Pepsi Arabia, the resort company Atlantis The Palm, and the events portal Dubai Calendar.

“Companies can learn a few things about their customers by optimizing for country and targeting those with specific interests,” said Mohamed El Mehairy, managing director of Connect Ads.

“They can probably uncover this type of information through market research,” he added, but it would come “at a higher expense and with more time and effort.”

This article has been revised to reflect the following correction:

Correction: February 7, 2013

A previous version of this article misspelled the name of the advertising agency TBWA. It is TBWA, not TWBA.

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Channing Tatum, Charlize Theron Join Oscars Telecast

By Tim Nudd

02/07/2013 at 08:20 AM EST

Channing Tatum and Charlize Theron

Dave Kotinsky/Getty; Dave M. Benett/Getty

PEOPLE's Sexiest Man Alive, Channing Tatum, will make his debut on the Academy Awards stage this month as one of four newly announced special guests who are joining the Feb. 24 broadcast.

Oscar winner Charlize Theron, Joseph Gordon-Levitt and Daniel Radcliffe are the other three actors who will make special appearances, producers said Thursday.

The four join a list of previously announced Oscar presenters, including Robert Downey Jr., Samuel L. Jackson, Chris Evans, Jeremy Renner, Mark Ruffalo, Octavia Spencer, Meryl Streep and Mark Wahlberg.

"We are quite excited to have Charlize, Chan, Joe and Dan join us on the show," said telecast producers Craig Zadan and Neil Meron. "We are happy to feature them as special guests in our production."

Musical performers on the show will include Adele, Norah Jones, JUstin Timberlake and Barbra Streisand.

The 85th annual Academy Awards will air live on Sunday, Feb. 24, on ABC from the Dolby Theatre in Hollywood.

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New whooping cough strain in US raises questions

NEW YORK (AP) — Researchers have discovered the first U.S. cases of whooping cough caused by a germ that may be resistant to the vaccine.

Health officials are looking into whether cases like the dozen found in Philadelphia might be one reason the nation just had its worst year for whooping cough in six decades. The new bug was previously reported in Japan, France and Finland.

"It's quite intriguing. It's the first time we've seen this here," said Dr. Tom Clark of the Centers for Disease Control and Prevention.

The U.S. cases are detailed in a brief report from the CDC and other researchers in Thursday's New England Journal of Medicine.

Whooping cough is a highly contagious disease that can strike people of any age but is most dangerous to children. It was once common, but cases in the U.S. dropped after a vaccine was introduced in the 1940s.

An increase in illnesses in recent years has been partially blamed on a version of the vaccine used since the 1990s, which doesn't last as long. Last year, the CDC received reports of 41,880 cases, according to a preliminary count. That included 18 deaths.

The new study suggests that the new whooping cough strain may be why more people have been getting sick. Experts don't think it's more deadly, but the shots may not work as well against it.

In a small, soon-to-be published study, French researchers found the vaccine seemed to lower the risk of severe disease from the new strain in infants. But it didn't prevent illness completely, said Nicole Guiso of the Pasteur Institute, one of the researchers.

The new germ was first identified in France, where more extensive testing is routinely done for whooping cough. The strain now accounts for 14 percent of cases there, Guiso said.

In the United States, doctors usually rely on a rapid test to help make a diagnosis. The extra lab work isn't done often enough to give health officials a good idea how common the new type is here, experts said.

"We definitely need some more information about this before we can draw any conclusions," the CDC's Clark said.

The U.S. cases were found in the past two years in patients at St. Christopher's Hospital for Children in Philadelphia. One of the study's researchers works for a subsidiary of Johnson & Johnson, which makes a version of the old whooping cough vaccine that is sold in other countries.

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JournaL: http://www.nejm.org

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Stock index futures cut gains following jobless claims data

By Anne Laurent: A 9-year-old Mexican girl, under the reported name of Dafne, gave birth to a baby girl on Jan. 27, 2013 in Jalisco, Mexico. Both mother and child are at home and healthy, Dr. Enrique Rabago, director of Zapopan Hospital, said at a...

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IHT Rendezvous: The Phantom Province in China's Economy

BEIJING – China has a “phantom province” pumping out nearly 5.8 trillion renminbi (about $930 billion) in gross domestic product last year, about equivalent to the output of its richest province, Guangdong, Chinese media reported this week.

How so?

Deliberately inflated figures from local officials are largely to blame, domestic media reported, as officials seek promotion for delivering the high growth demanded by the state. And the problem of systemic exaggeration in the economy is growing, not shrinking, as the country becomes richer and is increasingly integrated into the global economy.

The world is accustomed to remarkable growth from China, which is now the world’s second-largest economy after zooming up the list to overtake Germany and Japan, and is projected by some to challenge the economic dominance of the United States. And other nations have grown accustomed to looking to China to drive global growth with those high numbers. As Yi Gang, the deputy governor of the People’s Bank of China, the central bank, said at the World Economic Forum in Davos last month, “I think China’s growth rate will be about 8 percent this year.”

Yet back home, officials are faced with figures that can be off the mark by millions, billions or trillions of renminbi, meaning no one is entirely sure what’s going on. (The government in Beijing has its own way of dealing with the problem: The incoming prime minister, Li Keqiang, once reportedly said financial data in China was “man-made” and he relied instead on three indicators: electricity consumption, rail cargo and bank loans.)

This week, Chinese media reported widely on China’s “phantom province,” the G.D.P. excess that resulted when the economic growth figures from 31 provinces, municipalities and regions were added up and compared to the different, national G.D.P. figure that the government uses. In 2012, the discrepancy reached a remarkable 5.76 trillion renminbi, its biggest ever and the equivalent of the output of Guangdong province, itself an economic powerhouse, the media said.

For 2012, the national G.D.P. figure is estimated to be nearly 52 trillion renminbi (about $8.3 trillion,) while the provincial total was nearly 58 trillion (about $9.3 trillion.)

“Media exposes total G.D.P. of all provinces exceeds national G.D.P. by over 5 trillion renminbi,” (the exact figure was 5.76 trillion,) a headline announced in the 21CN News.

The gap is getting bigger, fast: in 2009, total provincial G.D.P. was nearly 2.7 trillion more than national G.D.P.; in 2010 it was more than 3 trillion; in 2011 it was 4.6 trillion, the Beijing News reported.

In a chain of exaggeration that begins at the village or county level, the figures pile up until they overreach any possible national total, the articles indicate.

The cause of the problem? “G.D.P. ‘achievement,’” said an article in the China Youth Daily, which is run by the Communist Party’s Youth League, referring to the system whereby officials are promoted for achieving high growth rates so they deliberately exaggerate.

The government has tried to stop the mendacity by launching investigations and threatening to punish offenders, but the problem is stubborn, the article said.

The solution?

“Only painful and determined reforms can change the achievement-based evaluation system,” the article said, including: sustained checking of officials’ reporting, increasing the rights of ordinary people to evaluate officials, taking away local officials’ sole responsibility for G.D.P. growth, the environment, public services, people’s prosperity and sustainable development.

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Sean Lowe Blogs: Selma's 'Unwillingness to Compromise' Cost Her a Rose

TV Watch

The Bachelor

By Sean Lowe

02/06/2013 at 08:30 AM EST

From left: Selma Alameri, Sean Lowe and Tierra LiCausi

Kevin Foley/ABC(3)

Sean Lowe is the star of season 17 of The Bachelor, which airs Mondays on ABC. The hunky Dallas businessman and entrepreneur will be blogging about his romantic journey for PEOPLE.com.

I was anxious to get to Canada and forget all about my discouraging week filming The Bachelor in Montana. It started off so promising with Lindsay and then quickly unraveled with the drama surrounding Tierra. Canada was my chance for a clean slate, and I was eager to start the week off on a great first date with Catherine.

I had just recently started to develop real feelings for Catherine. Our relationship was slower to develop than some of the others, but being with her felt natural. There was never a shortage of laughs, and she seemed like someone who truly fit the "best friend" description I had been searching for.

Between driving the ice bus, sledding down hills and drinking hot cocoa, our glacier date was perfect and so much fun. We turned up the romance that evening in our ice castle. We were able to bounce between serious moments and goofy moments so well. The night ended with kisses in the falling snow and I didn't want to say goodnight. The date helped put me back in a positive mental state. I felt hopeful again.

Icy Group Date

I want a girl who isn't afraid to step outside of her comfort zone and will seize the moment. That's why the "polar bear plunge" was the perfect group date. Nobody wants to jump in freezing cold water – I know I didn't! – but I was looking to see who would step up and make a memory that will last forever. It was absolutely freezing that day. The air temperature was right at 32 degrees and the wind was blowing. The canoe ride alone made me want to head back to the hotel where it was warm.

Some of the women were willing to jump in the water, others were more reluctant – and then there was Selma. It didn't bother me that she didn't want to participate. It bothered me that she didn't even consider it. Later she told me that when she says no, nothing can change her mind. As if that's a good thing! I thought you were supposed to compromise and talk things through in a marriage. That reasoning was a large part of why I didn't give Selma a rose that week.

Anyway, we all took the plunge, and almost everyone was glad they did. Except Tierra, of course. She was whisked away by medics and I honestly thought she was experiencing hypothermia. In hindsight, I'm not so sure ... but she played the part well.

Later that evening I was convinced of something: I knew Sarah was not the one for me and I needed to send her home. I could have waited for the rose ceremony, but I wanted to explain myself. I didn't think it was fair to make her wait two more days when I'd already made up my mind. Sending Sarah home was one of the hardest things I did during the season. It hurts me that she left feeling the way she did. She's such a beautiful, bright woman, and some man is going to love her forever. I just knew that man wasn't me.

Date with Des

My final date of the week was with Des. She and I had chemistry from the beginning. I was anxious to spend the day with her because she started to lose confidence in our relationship in Montana. She's another woman I always have fun with. Between repelling down a mountainside, having a picnic in a meadow and climbing a tree, I couldn't have imagined a better date.

That evening we had dinner in the coolest teepee, tucked away in a forest of the Canadian Rockies. She opened up to me about her childhood and how growing up with very little money has made her who she is today. It made perfect sense to me after hearing her story why Des sometimes hides her true feelings behind a smile. She probably had to put on a brave face during tough times as a kid. I found myself wanting to be the man that supports her and makes her feel safe. Des and I finished the evening kissing and making finger puppets on the walls of our teepee. Once again, she was at the top of my list.

Tough Goodbyes

The rose ceremony was tough because I had to say goodbye to two great girls. I never imagined sending Selma home. After our one-on-one date in Joshua Tree, I thought she might be the one. But in the end, her unwillingness to compromise told me that she probably wasn't the girl for me.

And Daniella was equally as hard to say goodbye to, because she was so much fun to be with. We just ran out of time. Our relationship started too late and my feelings for the remaining women were a little bit stronger.

I can tell you, though, I felt so much better about the future after leaving Canada than I did leaving Montana. I felt rejuvenated and hopeful, and the women seemed to have their focus back on love.

Thanks for watching!
Sean

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Critics seek to delay NYC sugary drinks size limit

NEW YORK (AP) — Opponents are pressing to delay enforcement of the city's novel plan to crack down on supersized, sugary drinks, saying businesses shouldn't have to spend millions of dollars to comply until a court rules on whether the measure is legal.

With the rule set to take effect March 12, beverage industry, restaurant and other business groups have asked a judge to put it on hold at least until there's a ruling on their lawsuit seeking to block it altogether. The measure would bar many eateries from selling high-sugar drinks in cups or containers bigger than 16 ounces.

"It would be a tremendous waste of expense, time, and effort for our members to incur all of the harm and costs associated with the ban if this court decides that the ban is illegal," Chong Sik Le, president of the New York Korean-American Grocers Association, said in court papers filed Friday.

City lawyers are fighting the lawsuit and oppose postponing the restriction, which the city Board of Health approved in September. They said Tuesday they expect to prevail.

"The obesity epidemic kills nearly 6,000 New Yorkers each year. We see no reason to delay the Board of Health's reasonable and legal actions to combat this major, growing problem," Mark Muschenheim, a city attorney, said in a statement.

Another city lawyer, Thomas Merrill, has said officials believe businesses have had enough time to get ready for the new rule. He has noted that the city doesn't plan to seek fines until June.

Mayor Michael Bloomberg and other city officials see the first-of-its-kind limit as a coup for public health. The city's obesity rate is rising, and studies have linked sugary drinks to weight gain, they note.

"This is the biggest step a city has taken to curb obesity," Bloomberg said when the measure passed.

Soda makers and other critics view the rule as an unwarranted intrusion into people's dietary choices and an unfair, uneven burden on business. The restriction won't apply at supermarkets and many convenience stores because the city doesn't regulate them.

While the dispute plays out in court, "the impacted businesses would like some more certainty on when and how they might need to adjust operations," American Beverage Industry spokesman Christopher Gindlesperger said Tuesday.

Those adjustments are expected to cost the association's members about $600,000 in labeling and other expenses for bottles, Vice President Mike Redman said in court papers. Reconfiguring "16-ounce" cups that are actually made slightly bigger, to leave room at the top, is expected to take cup manufacturers three months to a year and cost them anywhere from more than $100,000 to several millions of dollars, Foodservice Packaging Institute President Lynn Dyer said in court documents.

Movie theaters, meanwhile, are concerned because beverages account for more than 20 percent of their overall profits and about 98 percent of soda sales are in containers greater than 16 ounces, according to Robert Sunshine, executive director of the National Association of Theatre Owners of New York State.

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Follow Jennifer Peltz at http://twitter.com/jennpeltz

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Stock futures dip after Tuesday rally, earnings in focus

NEW YORK (Reuters) - Stock index futures dipped on Wednesday, indicating the S&P 500 may pull back from a rally of more than 1 percent a day earlier as the index struggles to push past 5-year highs.

Walt Disney Co beat estimates for quarterly adjusted earnings and said it expected the next few quarters to be better, with a stronger lineup of movies and rising attendance at its theme parks. Shares advanced 3.2 percent to $56.03 in light premarket trading.

With the benchmark S&P 500 index at its highest since December 2007, investors are finding it a challenge to continue a move upward amid a dearth of fresh trading incentives, analysts said.

"We are a little bit at stall speed," said Keith Bliss, senior vice-president at Cuttone & Co in New York.

"We will continue to see earnings but it wouldn't surprise me a bit to see us consolidate around this level on the S&P 500 for the next day or two, in the absence of some real compelling news, which is always a risk."

According to Thomson Reuters data through Tuesday morning, of 278 companies in the S&P 500 <.spx> that have reported earnings, 68.7 percent have beat analysts' expectations, above a 62 percent average since 1994 and 65 percent over the past four quarters.

In another positive sign for corporate profits, 66 percent of companies have topped revenue forecasts. Fourth-quarter earnings for S&P 500 companies are now expected to rise 4.5 percent, according to the data, above the 1.9 percent forecast at the start of earnings season.

S&P 500 futures fell 4.4 points and were below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures lost 30 points, and Nasdaq 100 futures declined 11.5 points.

The benchmark S&P index rose 1.04 percent Tuesday, its biggest percentage gain since a 2.5-percent advance on January 2, when legislators sidestepped a "fiscal cliff" of spending cuts and tax hikes that could have hurt a fragile U.S. economic recovery.

Visa , the world's largest credit and debit card network, is expected to report earnings per share of $1.79 for its first quarter, up from $1.49 a year earlier. Smaller rival MasterCard recently reported better-than-expected results but said its revenue growth could slow in the first half of the year due to economic uncertainty.

Zynga Inc jumped 4.7 percent to $2.87 in premarket trading after the online gaming company reported an unexpected fourth-quarter profit, following steep cost cuts and shifting forward deferred revenue.

Time Warner Inc gained 3.1 percent to $51.50 before the bell after reporting higher fourth-quarter profit that beat Wall Street estimates, as growth in its cable networks offset declines in its film, TV entertainment and publishing units.

European stocks were mixed at midday as the previous session's tentative recovery lost steam, with euro zone banks sliding on renewed concerns over the health of the region's economy. <.eu/>

Asian shares rose, with Japanese equities climbing to their highest since October 2008 on hopes of central bank monetary policy easing and optimism about the prospects for a global economic recovery.

(Editing by Bernadette Baum)

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