Lou Myers, A Different World Actor, Dies















02/21/2013 at 08:25 AM EST



TV, film and stage actor Lou Myers, best known for playing Mr. Gaines on the sitcom A Different World in the '80s and early '90s, has died at 77.

Myers passed away at the Charleston Area Medical Center in his native state of West Virginia after battling pneumonia for several months, TMZ.com reported.

Myers was born in Chesapeake, W.V., the son of a Cabin Creek coal miner, according to the Charleston Gazette. After attending West Virginia State University, he got his first acting break as an understudy in the Broadway play The First Breeze of Summer.

He went on to appear in more than a dozen films, including How Stella Got Her Groove Back and The Wedding Planner.

On television, he had roles on ER, JAG and NYPD Blue, but is best remembered for playing Vernon Gaines on A Different World, which was a spin-off from The Cosby Show.

On Broadway, Myers appeared in productions including Oprah Winfrey's The Color Purple and Cat on a Hot Tin Roof. He won an NAACP Image Award for his portrayal of the Stool Pigeon in the play King Hedley II.

An accomplished piano player, Myers also sang jazz and blues with the touring company of Negro Music in Vogue.

He is survived by his mother, Dorothy Jeffries, 95, a son, Melvin Myers, and two grandsons, Brayden and Christian, the Gazette said.

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Adults get 11 percent of calories from fast food


ATLANTA (AP) — On an average day, U.S. adults get roughly 11 percent of their calories from fast food, a government study shows.


That's down slightly from the 13 percent reported the last time the government tried to pin down how much of the American diet is coming from fast food. Eating fast food too frequently has been seen as a driver of America's obesity problem.


For the research, about 11,000 adults were asked extensive questions about what they ate and drank over the previous 24 hours to come up with the results.


Among the findings:


Young adults eat more fast food than their elders; 15 percent of calories for ages 20 to 39 and dropping to 6 percent for those 60 and older.


— Blacks get more of their calories from fast-food, 15 percent compared to 11 percent for whites and Hispanics.


— Young black adults got a whopping 21 percent from the likes of Wendy's, Taco Bell and KFC.


The figures are averages. Included in the calculations are some people who almost never eat fast food, as well as others who eat a lot of it.


The survey covers the years 2007 through 2010 and was released Thursday by the Centers for Disease Control and Prevention. The authors couldn't explain why the proportion of calories from fast food dropped from the 13 percent found in a survey for 2003 through 2006.


One nutrition professor cast doubts on the latest results, saying 11 percent seemed implausibly low. New York University's Marion Nestle said it wouldn't be surprising if some people under-reported their hamburgers, fries and milkshakes since eating too much fast food is increasingly seen as something of a no-no.


"If I were a fast-food company, I'd say 'See, we have nothing to do with obesity! Americans are getting 90 percent of their calories somewhere else!'" she said.


The study didn't include the total number of fast-food calories, just the percentage. Previous government research suggests that the average U.S. adult each day consumes about 270 calories of fast food — the equivalent of a small McDonald's hamburger and a few fries.


The new CDC study found that obese people get about 13 percent of daily calories from fast food, compared with less than 10 percent for skinny and normal-weight people.


There was no difference seen by household income, except for young adults. The poorest — those with an annual household income of less than $30,000 — got 17 percent of their calories from fast food, while the figure was under 14 percent for the most affluent 20- and 30-somethings with a household income of more than $50,000.


That's not surprising since there are disproportionately higher numbers of fast-food restaurants in low-income neighborhoods, Nestle said.


Fast food is accessible and "it's cheap," she said.


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China Says Army Is Not Behind Attacks in Report







SHANGHAI — A day after a United States security company accused a People’s Liberation Army unit in Shanghai of engaging in cyberwarfare against American corporations, organizations and government agencies, China’s defense ministry issued a strong denial and insisted that the report was flawed.




At a news conference in Beijing Wednesday, the ministry suggested the allegations were destructive and challenged the study, which was produced by Mandiant, an American computer security company. The report identified P.L.A. Unit 61398 in Shanghai as one of the most aggressive computer hacking operations in the world.


Geng Yansheng, a spokesman for China’s Ministry of National Defense, said that China had been the victim of cyberattacks that have originated in the United States, and that Mandiant mischaracterized China’s activities.


“Chinese military forces have never supported any hacking activities,” Mr. Geng said at the briefing. “The claim by the Mandiant company that the Chinese military engages in Internet espionage has no foundation in fact.”


On Tuesday, a spokesman for China’s Foreign Ministry, Hong Lei, made similar remarks, arguing that cyberattacks are difficult to trace because they are “often carried out internationally and are typically done so anonymously.”


The New York Times reported on Tuesday that a growing body of digital forensic evidence pointed to the involvement of the P.L.A. Shanghai unit and that American  intelligence officials had also been tracking the unit’s activities.


On its Web site, Mandiant released a lengthy report on Tuesday detailing some of its evidence, including Internet protocol addresses and even the identities of several Chinese individuals it believes were behind some of the attacks. Mandiant said it monitored the hackers as they logged onto social networking sites or through e-mail accounts.


Attempts to contact two of the individuals through telephone numbers and instant message services were unsuccessful. In one case, one of the individuals — whose online profile says he is 28 years old and a graduate of a university that specializes in computer science — declined to answer questions.


Several military analysts said they had also traced some major cyberattacks back to the People’s Liberation Army. and its Shanghai Unit 61398, which is known to be engaged in network security.


Still, many security experts concede that it is difficult if not possible to know for certain where attacks originate because hackers often take control of computers in various locations.


Chinese officials have insisted in recent years that China is one of the biggest targets of cyberattacks.


“Statistics show that Chinese military terminals connected to the Internet have been subjected to large numbers of attacks from abroad, and I.P. addresses indicate that a considerable number of these attacks are from the United States, but we have never used this as a reason to accuse the United States,” the defense ministry said Wednesday. “Every country should handle the problem of cybersecurity in a professional and responsible manner.”


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Oscar Pistorius's House Had Testosterone & Needles, Say Police






Breaking News








02/20/2013 at 08:35 AM EST







Oscar Pistorius


Herman Verwey/City Press/Gallo Images/Getty


As a bail hearing continued Wednesday in the murder case of South African sprinter Oscar Pistorius, new details have emerged as prosecutors outline their charges that he is guilty of shooting his girlfriend, model Reeva Steenkamp.

Police testified that they discovered testosterone and needles inside the "Blade Runner" Olympian's home, The New York Times reports.

But his defense lawyers said the Olympian took no banned performance-enhancing drugs, describing the substances found as herbal. The athletes, according to the International Paralympic Committee, tested drug-free as late as last September.

Pistorius, 26, has claimed the shooting was a case of mistaken identity.

Prosecution lawyers, questioning a police witness, said shots fired through the bathroom door that night countered Pistorius's claims that he was not wearing his prosthetic legs when he thought he heard an intruder inside his house and fired with a 9 mm handgun through the door.

Steenkamp, 30, was struck three times, in the head, arm and hip. She was buried on Tuesday amid an outpouring of national support and emotional family tributes.

A police detective testified Wednesday that Pistorius had accidentally fired a weapon at a restaurant in January and urged a friend to take responsibility for the shooting, The Times reports. The detective also testified that Pistorius threatened violence over a woman in another altercation.

Pistorius had claimed to investigators that his house was dark at the time he thought an intruder was inside but a witness who testified for the prosecution Wednesday said a light was switched on when the first shots were fired.

That witness said a gunshot rang out, then a woman's screams were heard, the more shots continued. Pistorius's lawyer, however, said that witness, a neighbor, lived 600 yards away.

The emotional Pistorius continued to proclaim his innocence. "I fail to understand how I could be charged with murder, let alone premeditated," Pistorius told the court in an affidavit read by his defense counsel Barry Roux. "I had no intention to kill my girlfriend."

The prosecution, however, was resolute, that this was not an accident but a premeditated act of violence. If convicted, Pistorius would receive life in prison.

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Drug overdose deaths up for 11th consecutive year


CHICAGO (AP) — Drug overdose deaths rose for the 11th straight year, federal data show, and most of them were accidents involving addictive painkillers despite growing attention to risks from these medicines.


"The big picture is that this is a big problem that has gotten much worse quickly," said Dr. Thomas Frieden, head of the Centers for Disease Control and Prevention, which gathered and analyzed the data.


In 2010, the CDC reported, there were 38,329 drug overdose deaths nationwide. Medicines, mostly prescription drugs, were involved in nearly 60 percent of overdose deaths that year, overshadowing deaths from illicit narcotics.


The report appears in Tuesday's Journal of the American Medical Association.


It details which drugs were at play in most of the fatalities. As in previous recent years, opioid drugs — which include OxyContin and Vicodin — were the biggest problem, contributing to 3 out of 4 medication overdose deaths.


Frieden said many doctors and patients don't realize how addictive these drugs can be, and that they're too often prescribed for pain that can be managed with less risky drugs.


They're useful for cancer, "but if you've got terrible back pain or terrible migraines," using these addictive drugs can be dangerous, he said.


Medication-related deaths accounted for 22,134 of the drug overdose deaths in 2010.


Anti-anxiety drugs including Valium were among common causes of medication-related deaths, involved in almost 30 percent of them. Among the medication-related deaths, 17 percent were suicides.


The report's data came from death certificates, which aren't always clear on whether a death was a suicide or a tragic attempt at getting high. But it does seem like most serious painkiller overdoses were accidental, said Dr. Rich Zane, chair of emergency medicine at the University of Colorado School of Medicine.


The study's findings are no surprise, he added. "The results are consistent with what we experience" in ERs, he said, adding that the statistics no doubt have gotten worse since 2010.


Some experts believe these deaths will level off. "Right now, there's a general belief that because these are pharmaceutical drugs, they're safer than street drugs like heroin," said Don Des Jarlais, director of the chemical dependency institute at New York City's Beth Israel Medical Center.


"But at some point, people using these drugs are going to become more aware of the dangers," he said.


Frieden said the data show a need for more prescription drug monitoring programs at the state level, and more laws shutting down "pill mills" — doctor offices and pharmacies that over-prescribe addictive medicines.


Last month, a federal panel of drug safety specialists recommended that Vicodin and dozens of other medicines be subjected to the same restrictions as other narcotic drugs like oxycodone and morphine. Meanwhile, more and more hospitals have been establishing tougher restrictions on painkiller prescriptions and refills.


One example: The University of Colorado Hospital in Aurora is considering a rule that would ban emergency doctors from prescribing more medicine for patients who say they lost their pain meds, Zane said.


___


Stobbe reported from Atlanta.


___


Online:


JAMA: http://www.jama.ama-assn.org


CDC: http://www.cdc.gov


___


AP Medical Writer Lindsey Tanner can be reached at http://www.twitter.com


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Stock futures edge lower ahead of data, Fed minutes

NEW YORK (Reuters) - U.S. stock index futures edged lower on Wednesday, ahead of data on the housing market and inflation, as well as minutes from the Federal Open Market Committee's January meeting.


Housing starts and permits for January along with the January producer price index are due at 8:30 a.m. (1330 GMT).


Economists in a Reuters survey forecast the housing starts data to show a 925,000-unit annualized rate in January versus 954,000 in December, and a total of 915,000 permits in January compared with 909,000 in the prior month.


PPI is expected to show a 0.4 percent rise after a 0.3 percent drop in December. Excluding volatile food and energy items, PPI is expected to rise 0.2 percent versus a 0.1 percent increase in December.


Later in the session, investors will look to the minutes from the Fed's January meeting for any clues on how long the current monetary policy will remain in effect.


"We have several economic pieces of news today and of course the one that is eyed the most is going to be the FOMC minutes," said Peter Cardillo, chief market economist at Rockwell Global Capital in New York.


"Housing starts is in play and the earlier data probably will set the stage for the market to perhaps continue yesterday's rally but the key will be the FOMC minutes."


U.S. stocks moved closer to all-time highs on Tuesday, as the ongoing flurry of merger activity to start the year has helped buoy equities from a pullback.


An expected deal that helped lift the market on Tuesday was confirmed on Wednesday when Office Depot Inc said it had reached a definitive deal to buy smaller rival OfficeMax Inc in a bid to get more clout with suppliers and better compete against rival Staples Inc .


Office Depot shares jumped 14.5 percent to $5.75 before the opening bell while OfficeMax surged 15.4 percent to $15. Staples shares gained 2.7 percent to $15.05.


The S&P 500 <.spx> is up 7.4 percent for the year, fueled by legislators' ability to sidestep an automatic implementation of spending cuts on tax hikes on January 1, better-than-expected corporate earnings and modestly improving economic data that has been tepid enough for the Fed to maintain its stimulus policy.


S&P 500 futures slipped 1.4 points and were 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 1 point, and Nasdaq 100 futures shed 3.75 points.


As earnings season winds down, S&P 500 companies set to report include Devon Energy Corp and Fluor Corp .


Toll Brothers Inc lost 4.6 percent to $35.20 in premarket trade after the largest luxury homebuilder in the United States, reported first-quarter results well below analysts' estimates.


SodaStream dropped 5 percent to $49.82 in premarket after the seller of home carbonated drink maker machines posted fourth-quarter earnings and provided a 2013 outlook.


According to Thomson Reuters data through Tuesday morning, of the 391 companies in the S&P 500 that have reported results, 70.1 percent have exceeded analysts' expectations, compared with a 62 percent average since 1994 and 65 percent over the past four quarters.


Fourth-quarter earnings for S&P 500 companies are estimated to have risen 5.6 percent, according to the data, above a 1.9 percent forecast at the start of the earnings season.


European shares dipped on Wednesday, consolidating after a steep rally in the previous session as investors were confronted with news of weak earnings, though some expected further near-term gains. <.eu/>


Asian shares scaled their highest levels since August 2011 after an improving global economic outlook whetted investor appetite for risk, while the yen firmed amid doubts over Japan's commitment to drastic reflation.


(Reporting by Chuck Mikolajczak; Editing by Chizu Nomiyama and Nick Zieminski)



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India Ink: A Conversation With: Journalist and Author Rahul Pandita

Rahul Pandita, an associate editor with the Open magazine in Delhi, is a journalist and author who belongs to the Kashmiri Pandit community, Hindus who had to flee the Kashmir Valley in the early 1990s during a separatist insurgency by the Muslim majority.

In his memoir, “Our Moon has Blood Clots,” which was released last month, Mr. Pandita chronicles the loss and suffering of his own family to narrate the plight of the estimated 350,000 Kashmiri Hindus who were uprooted from their homes during the conflict.

Mr. Pandita spoke to India Ink recently about why his book was important in the Kashmir discourse and about some of the difficulties he faced in the writing process.

Why did you decide to write this book?

Writing this book has been part of the reason that I became a journalist and pursued literature in college. Otherwise, like most people in the Kashmiri community, I too would have studied engineering, which was important for us [Kashmiri Pandits] then, to regain some of what we had lost in the Kashmir Valley in 1992 after the mass exodus. I really wanted to tell this story.

There is a palpable sense of pain, loss and anger in your writing. How difficult was it for you to write this memoir?

This story has been an extremely difficult story to write. I think I started writing it very seriously from 2000 onwards, when I was a reporter with a television channel.

So I would write chapters and then give up completely because I just couldn’t write it. Then I began again in mid-2000s and again gave up because I wasn’t sure what form it would take. What I also found very unfortunate was how our story was relegated to the margins. And I was not sure if it should come out as a memoir. Many close friends suggested that I should write this as a fictional account—the truth but laced in fiction, because that would be more acceptable to the overall discourse of this country.

At one point, I was very seriously contemplating writing it in the form of a novel. But I think over the last few years I have become very conscious of my identity as a Kashmiri Pandit, and what has happened to us in Kashmir. The anger of the early 1990s and the hardships that we faced in exile have come back all of a sudden in the last few years.

What happened in the last few years that led to this seething anger that you are talking about?

I have just become conscious of the fact that nobody is interested in our story. It is so easy to align it with the right-wing narrative. This liberal discourse I feel is run by these 50, 100 people who contain anything coming from Kashmiri Pandit point of view. They say it’s a B.J.P.-R.S.S. [Bharatiya Janata Party-Rashtriya Swayamsevak Sangh] narrative.

The bigger betrayal for us was denying us our truth, that the night of January 1990 “did not happen.” When some of the excerpts of the book were published in The Hindu and my own magazine, people started writing open letters to me, saying it never happened. For God’s sake, don’t insult the memory of 350,000 Kashmiri Pandits who have suffered it in every nook and corner of the Kashmir Valley! It is being made as if talking about Kashmiri Pandit pain will diminish the Kashmiri Muslim pain, which is not the case. I believe that both these pains have the right to coexist, but as a Kashmiri writer I am not ready to compromise on my truth, no matter how inconvenient it is.

Which portions would you say were the most difficult to chronicle?

The most difficult passages to write were of course the brutal murder of my own brother, my mother’s illness, which we are still struggling with, and it’s only because of the hardships of the exile in the initial years.

I think I also hate when I go to Jammu. I love it at one point because all of my relatives are there, and it’s like a mini Kashmir now in many ways. But when I go there, those images of the suffering of  1990, ’91, ’92, ’93 come back to me, when we had to face the ignominy of doorless toilets that I mention in my book and the way we were treated in Jammu in those one-room dwellings. All that was very difficult to write.

When I return to my book, I realize that I cannot read it any longer. Those emotions come back to me — every single incident, every single passage I write comes back to me.

What was your gut reaction when you visited your house in Kashmir for the first time since the exodus?

Till 2007 I never returned to my home in the Srinagar suburb of Chanapora. I went because I wanted to capture those memories. My mother is so unwell, and my parents have never returned to Kashmir after 1990. I have gone to Kashmir since ’98 as a journalist. I wanted to click some pictures and show it to them.

Throughout the book, I have used the word “home” for my home in Kashmir. I haven’t done it consciously; it just happened to me. I now stay in a Delhi suburb and own an apartment, but that feeling never comes back. It’s a house for me. I take care of it as anyone would do, but that feeling of uprootedness is there.

When I go to Kashmir, there is an acute sense of loss — traveling through the same roads, meeting people and a strong sense of realization that you don’t belong here any longer. Your roots are here, but you don’t own anything here. Your house is no longer your house — that’s very painful.

I think it’s going to be a very difficult journey for me when I return to Kashmir now. Because now I will look at Kashmir through the prism of my book, the memories I evoke in the book.

It is very important for the Kashmiri Pandit community not to lose sight of what happened to us in January 1990. It’s like a festering wound, and I will personally make sure that I keep festering this wound. Otherwise, you are completely lost. Then you become a refugee who has compromised, who has surrendered to destiny. My book begins and ends on a defiant note.

How is this book about Kashmir different from the ones written before?

It’s the first honest account.

Honest in what sense?

The previous books have done this balancing act. I am talking about books written in English–there are a couple of good books written in Hindi, especially “Dardpur,” by Kshama Kaul, which is very powerful.

The tendency of balancing out things — “let’s not make anyone unhappy, not talk about their pain” — is a very valid thing. But then you are compromising on your own story.

Right from the beginning there was this bitterness between the two communities [Kashmiri Pandits and Muslims], which would flare up once in a while in the form of 1986 Anantnag riots or they [Muslims] would break the window pane of our house if India won a cricket match against Pakistan. Those portions are ignored, and those are really the signals. And one needs to talk about it.

This balancing act that some of us have gotten into is because we go back to Kashmir and we have friends from the other end. I have so many Kashmiri Muslim friends. I don’t see why my truth should make them unhappy.

How has it been received in the Kashmir Valley?

It was expected to ruffle a few feathers. Only a minuscule population in Kashmir is willing to own up to what happened to Kashmiri Pandits in 1989-90.

One reason I wrote this book and the way I wrote it was to tell the world that, it is not only the Islamist Muslim with a gun in his hand who is responsible for the brutalization of Kashmiri Pandits. Not all ordinary Kashmiri Muslims took part in this ethnic cleansing, but a substantial number of them did. Otherwise, how would have so many people come out of the mosques on one night in January 1990 and raised frightening slogans against Kashmiri Pandits? And it wasn’t just that one day. All of us know how so many of us were killed.

The dominant reaction was expected. But I am also hopeful. I am in touch with a few Kashmiri youngsters who are validating my story because they know what has happened. Some of them are very vocal on social media networks.

If you had not been a journalist, would you have written this book differently?

The advantage of being a journalist is that you know your story well. You know how to present it well. Writing is about the structure, something you learn while you are at it.

I have written this book with a strict journalistic rigor. Memory is very slippery at times, so I have validated and re-validated everything that came from my memory. I have tallied and re-tallied everything from newspaper archives and official documents from that time.

If I was not a journalist or a writer, I don’t think the book would have been so raw.

(The interview has been condensed and lightly edited.)

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Kate Looks Great at First Official Outing Since Babymoon









UPDATED
02/19/2013 at 08:45 AM EST

Originally published 02/19/2013 at 08:25 AM EST



Making her first official public appearance since her Caribbean babymoon, a tanned and healthy-looking Duchess of Cambridge showed off her blooming baby bump Tuesday morning during a visit to a residential treatment center run by one of her patronages, Action on Addiction.

Just back from a winter break in Mustique, Kate, 31, chose a gray MaxMara Studio dress paired with pearl drop earrings.

"She looked really relaxed and rested after her break. She could have worn a coat, but she looked happy to show off her bump," says Judy Wade, the royals writer for the Observer.

"It's nice to be back," Kate said as she greeted Action on Addiction's chief executive, Nick Barton. "It's a lovely day for it."

Kate also acknowledged how she felt about having a baby as she chatted with those at the center.

Said Lisa, 34, a mother of three: "I asked her if she was nervous about having a child, and she said it would unnatural if she wasn't. It's just human, isn't it?"

Another woman, Natalie, 28, is carrying a baby due in late July, and said after speaking to Kate, "She was saying she had been feeling unwell but was feeling better now."

Next month, the Palace is set to make an announcement on another group of charities and interests that Kate will support.

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Hip implants a bit more likely to fail in women


CHICAGO (AP) — Hip replacements are slightly more likely to fail in women than in men, according to one of the largest studies of its kind in U.S. patients. The risk of the implants failing is low, but women were 29 percent more likely than men to need a repeat surgery within the first three years.


The message for women considering hip replacement surgery remains unclear. It's not known which models of hip implants perform best in women, even though women make up the majority of the more than 400,000 Americans who have full or partial hip replacements each year to ease the pain and loss of mobility caused by arthritis or injuries.


"This is the first step in what has to be a much longer-term research strategy to figure out why women have worse experiences," said Diana Zuckerman, president of the nonprofit National Research Center for Women & Families. "Research in this area could save billions of dollars" and prevent patients from experiencing the pain and inconvenience of surgeries to fix hip implants that go wrong.


Researchers looked at more than 35,000 surgeries at 46 hospitals in the Kaiser Permanente health system. The research, published Monday in JAMA Internal Medicine, was funded by the U.S. Food and Drug Administration.


After an average of three years, 2.3 percent of the women and 1.9 percent of the men had undergone revision surgery to fix a problem with the original hip replacement. Problems included instability, infection, broken bones and loosening.


"There is an increased risk of failure in women compared to men," said lead author Maria Inacio, an epidemiologist at Southern California Permanente Medical Group in San Diego. "This is still a very small number of failures."


Women tend to have smaller joints and bones than men, and so they tend to need smaller artificial hips. Devices with smaller femoral heads — the ball-shaped part of the ball-and-socket joint in an artificial hip — are more likely to dislocate and require a surgical repair.


That explained some, but not all, of the difference between women and men in the study. It's not clear what else may have contributed to the gap. Co-author Dr. Monti Khatod, an orthopedic surgeon in Los Angeles, speculated that one factor may be a greater loss of bone density in women.


The failure of metal-on-metal hips was almost twice as high for women than in men. The once-popular models were promoted by manufacturers as being more durable than standard plastic or ceramic joints, but several high-profile recalls have led to a decrease in their use in recent years.


"Don't be fooled by hype about a new hip product," said Zuckerman, who wrote an accompanying commentary in the medical journal. "I would not choose the latest, greatest hip implant if I were a woman patient. ... At least if it's been for sale for a few years, there's more evidence for how well it's working."


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Online:


Journal: http://www.jamainternalmed.com


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Stock futures rise on deals, extend seven-week rally

NEW YORK (Reuters) - Stock index futures advanced on Tuesday, indicating the S&P 500 will build on its seven-week winning streak on optimism about M&A activity and before data on the housing market.


The S&P 500 <.spx> has risen for seven straight weeks, its longest streak since January 2011, and is up 6.6 percent for the year.


The strong start to the year was fueled by legislators in Washington temporarily averting a series of automatic spending cuts and tax hikes as well as better-than-expected earnings and economic data. The Federal Reserve's stimulus policy has also been a major factor.


But further gains for the benchmark S&P index have been a struggle as investors look for new catalysts to lift the index, which hovers near five-year highs.


The compromise by lawmakers on across-the-board spending cuts, known as sequestration, only postponed until March 1 a resolution to the congressional budget fight.


The uptick in merger and acquisition activity, a sign of optimism about the outlook on Wall Street, has resulted in more than $158 billion in deals announced so far in 2013.


"The firm market tone continues, fueled by a lack of negative surprises as well as an increase in M&A activity, adding confidence to market valuations," said Andre Bakhos, director of market analytics at Lek Securities in New York.


"The market has been able to shrug off minor negatives as it looks ahead to a potential bigger hurdle in the sequestration -until then, the situation looks stable."


Office Depot Inc surged 26.1 percent to $5.79 in premarket trading after a person familiar with the matter said the No. 2 U.S. office supply retailer is in advanced talks to merge with smaller rival OfficeMax Inc and a deal could come as early as this week. OfficeMax shares jumped 13.7 percent to $12.22 before the opening bell.


Economic data on tap includes the National Association of Home Builders/Wells Fargo index on housing sales for February at 10 a.m. (1500 GMT). Economists in a Reuters survey expect a reading of 48 compared with 47 in January.


Improving housing data has been cited by analysts as one of the key factors in the stock market rally.


S&P 500 futures rose 3.1 points and were above 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 gained 22 points and Nasdaq 100 futures added 5.75 points.


Computer maker Dell reports fourth-quarter results, expected to show earnings per share fall to $0.39 from $0.51 one year earlier. Analysts will have their first chance to question management on a buyout deal struck earlier this month by Chief Executive Michael Dell, private equity firm Silver Lake and Microsoft .


According to the Thomson Reuters data through Friday, of the 388 companies in the S&P 500 that have reported results, 69.8 percent have exceeded analysts' expectations, compared with a 62 percent average since 1994 and 65 percent over the past four quarters.


Fourth-quarter earnings for S&P 500 companies are estimated to have risen 5.6 percent, according to the data, above a 1.9 percent forecast at the start of the earnings season.


European shares rose on Tuesday, lifted by gains at food group Danone and fresh signs of a German economic recovery, although broader market sentiment remained cautious ahead of Italian elections this weekend. <.eu/>


Philippine and Australian shares scaled new heights, but other Asian shares were mixed, with worries about an inconclusive outcome in Italy's election and U.S. budget talks.


(Reporting by Chuck Mikolajczak; Editing by Chizu Nomiyama and Kenneth Barry)



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