Euro surges to 14-month high, Fed decision awaited

LONDON (Reuters) - The euro hit its highest level in over a year on Wednesday and shares, oil and metals were also on the rise, as confidence in the global economic outlook strengthened ahead of European data and the U.S. Federal Reserve's latest policy decision.

The Fed is expected to maintain asset buying at $85 billion a month when it concludes its meeting later and retain its commitment to hold interest rates near zero until unemployment falls to at least 6.5 percent.

European economic confidence data for January at 1000 GMT, ECB crisis loan repayments and Italy's sale of five and 10-year bonds will absorb most of investors' attention before then, as they look for further evidence of a pick-up in the region.

Share markets in London, Paris and Frankfurt opened little changed ahead of the data, leaving all eyes on a rally by the euro as it broke above $1.35 for the first time since December 2011.

Alongside the recent rebound in confidence in the euro zone, one of the drivers behind the recent spike has been the eagerness of banks to repay the crisis loans they took from the European Central Bank just over a year ago.

"It (the euro rise) is just a carry on with the current trend, risk is pretty healthy and equities are doing well," said Bank of Tokyo Mitsubishi strategist Derek Halpenny.

"The danger is European policymakers allow a spike (in euro and market rates) as a result of a removal of one of the principle support measures ... With the Fed and the BOJ still easing the euro is clearly the path of least resistance."

An earlier rise in Asian equities meant the MSCI world share index was up 0.2 percent at a new 21-month high as European trading gathered pace. U.S. stock futures suggested a cautious start on Wall Street.

Strong U.S. housing data on Tuesday and China's promising economic growth forecast for 2013 also supported the upbeat mood and raised expectations for robust demand for fuel and industrial commodities, underpinning oil prices and lifting copper.

In the bond market, German Bund futures opened lower as investors made room for a sale of long-dated German paper and braced for solid demand at an Italian debt auction.

Italy will offer up to 6.5 billion euros of bonds maturing in 2017 and 2022. Traders expect the sale to benefit from yield-hungry investors but flagged the risk of indigestion after a bout of buying in recent months that triggered a sharp rally.

"(The auction) probably (goes) alright but I don't think it trades well afterwards," one trader said.

(Additional reporting by Ana Nicolaci da Costa; Editing by Giles Elgood)

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A-Rod implicated in PED use again as MLB probes

NEW YORK (AP) — Alex Rodriguez is in the middle of Major League Baseball's latest doping investigation after an alternative weekly newspaper reported baseball's highest-paid star was among the big leaguers listed in the records of a Florida clinic the paper said sold performance-enhancing drugs.

The Miami New Times said Tuesday that the three-time AL MVP bought human growth hormone and other performance-enhancing substances during 2009-12 from Biogenesis of America LLC, a now-closed anti-aging clinic in Coral Cables, Fla., near Rodriguez's offseason home.

The new public relations firm for the New York Yankees third baseman issued a statement denying the allegations.

New Times said it obtained records detailing purchases by Rodriguez, 2012 All-Star game MVP Melky Cabrera, 2005 AL Cy Young Award winner Bartolo Colon and 2011 AL championship series MVP Nelson Cruz of Texas.

Cabrera left San Francisco after the season to sign with Toronto, while Oakland re-signed Colon.

Other baseball players the newspaper said appeared in the records include Washington pitcher Gio Gonzalez, who finished third in last year's NL Cy Young Award voting, and San Diego catcher Yasmani Grandal.

Biogenesis, which the New Times said was run by Anthony Bosch, was located in a beige, nondescript office park. The former clinic is no longer listed as a business in its directory,

"There was a flier put out by the building management a couple weeks ago. It was put on all the doors and windows of all the offices," said Brad Nickel, who works in a cruise planning company on the floor above where the clinic was located. "It just said this guy's not really a doctor, he doesn't belong here, he's no longer allowed here, call the police or the building management if you see him."

The New Times posted copies of what it said were Bosch's handwritten records, obtained through a former Biogenesis employee it did not identify.

Bosch's lawyer, Susy Ribero-Ayala, said in a statement the New Times report "is filled with inaccuracies, innuendo and misstatements of fact."

"Mr. Bosch vehemently denies the assertions that MLB players such as Alex Rodriguez and Gio Gonzalez were treated by or associated with him," she said.

Rodriguez appears 16 times in the documents New Times received, the paper said, either as "Alex Rodriguez," ''Alex Rod" or the nickname "Cacique," a pre-Columbian Caribbean chief.

Rodriguez admitted four years ago that he used PEDs from 2001-03. Cabrera, Colon and Grandal were suspended for 50 games each last year by MLB following tests for elevated testosterone. Responding to the testosterone use, MLB and the players' union said Jan. 10 they were authorizing the World Anti-Doping Agency laboratory outside Montreal to store each major leaguer's baseline testosterone/epitestosterone (T/E) ratio in order to detect abnormalities.

"We are always extremely disappointed to learn of potential links between players and the use of performance-enhancing substances," MLB said in a statement. "Only law enforcement officials have the capacity to reach those outside the game who are involved in the distribution of illegal performance-enhancing drugs. ... We are in the midst of an active investigation and are gathering and reviewing information."

A baseball official, speaking on condition of anonymity because he was not authorized to make public statements, said Monday that MLB did not have any documentation regarding the allegations. If MLB does obtain evidence, the players could be subject to discipline. First offenses result in a 50-game suspension and second infractions in 100-game penalties. A third violation results in a lifetime ban.

Rodriguez is sidelined for at least the first half of the season after hip surgery Jan. 16. A 50-game suspension would cost him $7.65 million of his $28 million salary.

"The news report about a purported relationship between Alex Rodriguez and Anthony Bosch are not true," Rodriguez said in a statement issued by a publicist. "He was not Mr. Bosch's patient, he was never treated by him and he was never advised by him. The purported documents referenced in the story — at least as they relate to Alex Rodriguez — are not legitimate."

Jay Reisinger, a lawyer who has represented Rodriguez in recent years, said the three-time AL MVP had retained Roy Black, an attorney from Rodriguez's hometown of Miami. Black's clients have included Rush Limbaugh and William Kennedy Smith.

Bosch did not return a phone message seeking comment.

MLB hopes to gain the cooperation of Bosch and others connected with the clinic, another baseball official said, also on condition of anonymity because no public statements on the matter were authorized. In order to successfully discipline players based on the records, witnesses would be needed to authenticate them, the official said.

Players could be asked to appear before MLB for interviews, but the official said MLB would be reluctant to request interviews before it has more evidence.

Rodriguez spent years denying he used PEDs before Sports Illustrated reported in February 2009 that he tested positive for two steroids in MLB's anonymous survey while with the Texas Rangers in 2003. Two days later, he admitted in an ESPN interview that he used PEDs over a three-year period. He has denied using PEDs after 2003.

If the new allegations were true, the Yankees would face high hurdles to get out of the final five years and $114 million of Rodriguez's record $275 million, 10-year contract. Because management and the players' union have a joint drug agreement, an arbitrator could determine that any action taken by the team amounted to multiple punishments for the same offense.

But if Rodriguez were to end his career because of the injury, about 85 percent of the money owed by the Yankees would be covered by insurance, one of the baseball officials said.

Gonzalez, 21-8 for the Washington Nationals last season, posted on his Twitter feed: "I've never used performance enhancing drugs of any kind and I never will, I've never met or spoken with tony Bosch or used any substance provided by him. anything said to the contrary is a lie."

Colon was not issuing a statement, agent Adam Katz said through spokeswoman Lisa Cohen.

"We are aware of certain allegations and inferences," Cruz's law firm, Farrell & Reisinger, said in a statement. "To the extent these allegations and inferences refer to Nelson, they are denied."

Cruz and Gonzalez had not previously been linked to performance-enhancing drugs. Cruz hit 24 home runs last year for the Rangers.

The New Times report said it obtained notes by Bosch listing the players' names and the substances they received. Several unidentified employees and clients confirmed to the publication that the clinic distributed the substances, the paper said. The employees said that Bosch bragged of supplying drugs to professional athletes but that they never saw the sports stars in the office.

The paper said the records list that Rodriguez paid for HGH; testosterone cream; IGF-1, a substance banned by baseball that stimulates insulin production; and GHRP, which releases growth hormones.

___

Associated Press writers Jennifer Kay in Coral Cables, Fla., and Curt Anderson in Miami, and AP Sports Writers Howard Fendrich and Tim Reynolds contributed to this report.

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Iran’s Space Monkey Launch Prompts Missile Technology Concerns

The reports that Iran launched a monkey into space Monday has sparked concern among U.S. officials and missile watchdog groups who cite that the same technology could be used to extend the reach of Iran’s military weapons.

According to Iranian news reports, the country’s space agency launched a monkey into space and returned it to Earth in a mission using the Iranian-built Kavoshgar 5 rocket. The launch, while unconfirmed by Western monitoring groups, has raised eyebrows because the rockets developed for such missions could also be used to fire weapons across continents.

“We don’t have any way to confirm this one way or the other with regard to the primate,” U.S. State Department spokeswoman Victoria Nuland said during a press briefing in Washington Monday (Jan. 28), though she added that she “saw the pictures of the poor little monkey preparing to go to space.”

“Our concern with Iran’s development of space-launch vehicle technologies are obviously well known,” Nuland said. “Any space-launch vehicle capable of placing an object in orbit is directly relevant to the development of long-range ballistic missiles.” [Photos: Iran in Space: Rockets & Monkeys]

However, some scientist have said that the details so far on the Iranian rocket launch suggest the flight would do little to enhance the Islamic republic’s ability to develop a long-range ballistic missile.

Though the Islamic republic has denied military ambitions for its space program, Western critics have long expressed concern over the potential applications of Iran’s rockets. Nuland said the launch, if confirmed, would violate a 1929 U.N. Security Council resolution that “prohibits Iran from undertaking any act related to ballistic missiles capable of delivering nuclear weapons.”

The Union of Concerned Scientists (UCS) said the launch, if it occurred, likely used a Kavoshgar rocket, which would do little to advance Iran’s missile capabilities.

Laura Grego, a senior scientist with UCS, wrote in a blog post that “some concern has been expressed that Iran will improve its abilities to produce heat shielding (important both for protecting a monkey and a warhead as they return through the atmosphere).” But a biocapsule returning from a 75-mile (120 kilometers) altitude, such as Iran’s monkey-carrying Pishgam capsule, would travel through the atmosphere significantly slower than an intercontinental ballistic missile, or ICBM.

According to Grego, “a warhead would require shielding against more than 40 times greater heat load than the Pishgam.”

Iran has reported progress in spaceflight technology in recent years. The country sent its first domestically built satellite into space in February 2009 and launched a Kavoshagar-3 rocket in 2010 that delivered a rat, two turtles and a worm into space. Iran also launched Earth-observing satellites into orbit in 2011 and 2012.

Space officials in the country have said that a successful launch of a monkey would pave the way for them to send a human into space by 2020 and put an astronaut on the moon by 2025.

Follow SPACE.com on Twitter @Spacedotcom. We’re also on Facebook and Google+.

Copyright 2013 SPACE.com, a TechMediaNetwork company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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Can India learn respect for women?

Suniti Neogy, the writer, at a community meeting in the village of Musepur in India, where she discussed the importance of men taking an active role in parenting.

STORY HIGHLIGHTS

• Suniti Neogy: Gang-rape, murder in New Delhi has forced many Indians to confront truth


• She says she was asked to lead workshop promoting gender sensitivity in an Indian district


• She said adult male teachers said they had not considered helping wives around house


• Neogy: For kids to learn respect for women, they must see it modeled by adults they respect

Editor's note: Suniti Neogy works as a maternal health program coordinator in India for the global poverty-fighting organization CARE.

(CNN) -- The December gang-rape and murder of a young woman in New Delhi has stirred consciences in India in a way I have never before experienced: It has forced Indians to confront a terrible truth that for our girls and women, violence and discrimination are facts of daily life, an epidemic that, researchers say, claims nearly 2 million lives in India each year.

But now the real work begins for each of us who took to the streets in protest. How do we channel the energy of those demonstrations into real solutions for our communities?

I got a taste of the challenge earlier this month, when officials from the Barabanki district in Uttar Pradesh, a state adjoining New Delhi, asked if I would lead a workshop promoting teen safety and gender sensitivity for the government schools.

I was disappointed to see they had invited only the heads of girls' schools. And so I accepted under one condition: that the principals of the district's boys' schools attend as well. Because if there's one thing I'm certain of it's that all the candlelight vigils, passion and protests will be in vain if we don't figure out how to make men and boys part of this growing movement to transform gender relations in my country.

For more than a decade I've worked for the poverty-fighting group CARE as a community educator on health and gender issues. I've seen how the deep inequalities between women and men trap millions of Indian families in cycle of poverty. But along the way, I've also met countless men who, given an opportunity, were willing to examine and improve their behavior towards the girls and women in their lives.

The fact is most people want what is best for their loved ones. Aggressive behavior toward women isn't innate. It's learned and can be unlearned. When prompted to reflect on their attitudes towards women's education, sharing domestic tasks, having girl children, and even violence, the boys and men I work with every day can and do change.

Opinion: Misogyny in India: We are all guilty

Often it starts with something simple, like the laundry.

I think of Ram, a man I worked with in the village of Pavaiya Viran. A husband and father with a macho job -- he drills underground pumps -- Ram attended sessions where he was given a chance to analyze gender roles in his life. He understood that men and boys are under pressure to express power and that when they feel weak or frustrated, their gut reaction is often to demonstrate power, even if that means violent or abusive behavior.

Ram eventually adopted a new outlook; that truly strong men don't show power, they show care. "Let the other men laugh at me for cooking and washing clothes," he told me. "Why should my wife alone do all things?"

Now I'm not saying men doing laundry is the solution. But each time he folds the linens, Ram shows his children he respects his wife and treats her as an equal, not someone subservient.

And so I kept thinking of Ram as I gathered with the group of 53 principals from boys and girls schools earlier this month. We addressed the importance of installing security cameras at school gates, assuring a woman driver or conductor is on every school bus, and having clean, working toilets at schools so girls and boys are not forced to go outside to relieve themselves. This was all necessary. But it felt like we were playing defense. Only when the educators were forced to hold a mirror up to their own lives did it feel like we were playing offense, too.

Opinion: End global rape culture

Many acknowledged that it's their duty as parents and community leaders to lead the next generation by example. One principal realized he'd never even considered doing household chores, not as a boy or, now, as a husband and a father. Another vowed to make gender equity a required part of parent-teacher conferences. By the end of the session, every man and woman in the room was thinking about changing not only others but also him or herself.

We have a long way to go, and not just in India. A World Health Organization global survey found that 59% of women in rural Ethiopia report being subjected to sexual violence from their intimate partner, 62% of women in Peru report physical violence at the hands of their partners and 30% of women in rural Bangladesh say their first sexual experience was forced. The problem is not confined to the developing world either. Nearly one in five women in the United States has been raped or has experienced attempted rape.

Even so, I'm confident that the Indian people can demonstrate to the world that we're not powerless in the face of some global epidemic. We can change. That starts by treating this moment not as some global airing of our dirty laundry but rather a national awakening to the reality that all of us -- girls and boys, women and men -- must do our part in cleaning it.

Follow us on Twitter @CNNOpinion.

Join us on Facebook/CNNOpinion.

The opinions expressed in this commentary are solely those of Suniti Neogy.

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Girl who performed at Obama inaugural slain on South Side

After taking their exams Tuesday, Hadiya Pendleton and a group of others decided to hang out at a park on Tuesday just blocks away from their high school on the South Side.

But the trip ended in tragedy when the 15-year-old King College Prep sophomore was fatally shot about a week after she attended President Barack Obama’s inauguration and performed at inaugural events with the King College Prep band and drill team.

Penldeton and a16-year-old boy wounded in the attack were shot in a park near the school about 2:20 p.m., in the 4500 block of South Oakenwald Avenue, police said.

Most of those who were in the park were gang members, and those in the group did not stay on scene to help after the shootings, according to police. The shooting occurred around 2:20 p.m. in the 4500 block of South Oakenwald Avenue.

They boy remained in serious condition Tuesday night. He was also a student at King, according to Pendleton’s friends, though her relatives weren’t sure what school the boy attended.

One of the teens was taken in serious to critical condition to Comer Children's Hospital, according to Chicago Fire Department spokesman Will Knight.

The other victim also was taken to Comer and police at first believed both victims' conditions had stabilized by a little after 3 p.m., said Chicago Police News Affairs Officer Veejay Zala.

At Comer this evening, a group of young people sat and stood inside the entrance to the hospital's emergency room, along with the principal of King high school.

Many hugged as they brushed tears from their eyes and consoled each other and Pendleton's parents.

"She was awesome," one girl said of Pendleton outside the hospital's ER.

Friends of the slain girl said King was dismissed early today because of exams, and students went to the park on Oakenwald--something they don't usually do.

Friends said the girl was a majorette and a volleyball player, a friendly and sweet presence at King, one of the top 10 CPS selective enrollment schools. Pendleton performed with other King College students at President Barack Obama’s inaugural events.

Neighbors said students from King do hang out at Harsh Park, 4458-70 S. Oakenwald Ave., and that students were there this afternoon before the shooting took place. A group of 10 to 12 teens at the park had taken shelter under a canopy there during a rainstorm when a boy or man jumped a fence in the park, ran toward the group and opened fire, police said in a statement this evening.

The attacker then got into an auto and left the area, police said.

Neighbors reported hearing shots about 2:20 p.m.

Desiree Sanders said she heard six gunshots and called 911 after a neighbor told her that some teens had been shot. Neighbors told her as many as 10 young people had been hanging out at the small park, and most scattered after the shooting, though a few stayed behind with the victims.

Those in the group were not cooperating with police, however, and investigators had no detailed descriptions yet of either the attacker or the vehicle in which he left. Central Area detectives were investigating, and they had no one in custody as of about 8:20 p.m.

Police crime data show no serious crimes happened in the 4400 or 4500 blocks of South Oakenwald Avenue Dec. 19 to Jan. 20.

“It’s a great neighborhood. Nothing like this has happened since I’ve been here,” on the block, said Roxanne Hubbard, who has lived in the neighborhood for 19 years.

As a matter of policy, Chicago Board of Education officials refuse to confirm whether any child is a student at Chicago Public Schools because a policy on student identification passed by the board several years ago has never been implemented.

Tribune reporter Liam Ford contributed.

jmdelgado@tribune.com

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Mursi heads to Germany on trip cut back by Egypt crisis

CAIRO/BERLIN (Reuters) - Egyptian President Mohamed Mursi flew to Germany on Wednesday to convince Europe of his democratic credentials, leaving behind a country in crisis after a wave of violence that has killed more than 50 people.

The Egyptian army chief warned on Tuesday that the state was on the brink of collapse if Mursi's opponents and supporters did not end the street battles that have marked the two year anniversary of the revolt that toppled autocrat Hosni Mubarak.

Because of the crisis, Mursi has curtailed the schedule of his European visit, cancelling plans to go to Paris after Berlin. He is due to return to Cairo later on Wednesday.

Near Cairo's Tahrir Square on Wednesday morning, dozens of protesters threw stones at police who fired back with teargas, although the scuffles were short-lived.

"Our demand is simply that Mursi goes, and leaves the country alone. He is just like Mubarak and his crowd who are now in prison," said Ahmed Mustafa, 28, a youth who had goggles on his head to protect his eyes from teargas.

Opposition politician Mohamed ElBaradei called for a meeting between the president, government ministers, the ruling party and the opposition to halt the violence. But he also restated the opposition's precondition that Mursi first commit to seeking a national unity government, which Mursi has so far rejected.

Mursi's critics accuse him of betraying the spirit of the revolution by keeping too much power in his own hands and those of his Muslim Brotherhood, the Islamist movement banned under Mubarak which won repeated elections since the 2011 uprising.

Mursi's supporters say the protesters want to overthrow Egypt's first democratically elected leader. The unrest has prevented a return to stability ahead of new parliamentary elections due within months, and worsened an economic crisis that has seen the pound currency tumble in recent weeks.

The worst violence has been in the Suez Canal city of Port Said, where rage was fuelled by death sentences passed against soccer fans for deadly riots last year. Mursi responded by announcing on Sunday a month-long state of emergency and curfew in Port Said and two other Suez Canal cities.

Protesters ignored the curfew and returned to the streets on Monday although the streets grew quieter on Tuesday. Human Rights Watch called for Mursi to lift the emergency decree.

Mursi will be keen to allay the West's fears over the future of the most populous Arab country when he meets German Chancellor Angela Merkel and powerful industry groups in Berlin.

"DISTURBING IMAGES"

"We have seen worrying images in recent days, images of violence and destruction, and I appeal to both sides to engage in dialogue," German Foreign Minister Guido Westerwelle said in a radio interview on Wednesday ahead of Mursi's arrival.

Germany's "offer to help with Egypt's transformation clearly depends on it sticking to democratic reforms", he added.

Germany has praised Mursi's efforts in mediating a ceasefire between Israel and Palestinians in Gaza after a conflict last year, but became concerned at Mursi's efforts to expand his powers and fast-track a constitution with an Islamist tint.

Berlin was also alarmed by video that emerged in recent weeks showing Mursi making vitriolic remarks against Jews and Zionists in 2010 when he was a senior Brotherhood official. Germany's Nazi past and strong support of Israel make it highly sensitive to anti-Semitism.

Westerwelle called Mursi's past anti-Jewish remarks "unacceptable. But at the same time President Mursi has played a very constructive role mediating in the Gaza conflict".

Egypt's main liberal and secularist bloc, the National Salvation Front, has so far refused talks with Mursi unless he promises to include opposition figures in a national unity government.

"Stopping the violence is the priority, and starting a serious dialogue requires committing to guarantees demanded by the National Salvation Front, at the forefront of which are a national salvation government and a committee to amend the constitution," ElBaradei said on Twitter.

Those calls have also been backed by the hardline Islamist Nour party - rivals of Mursi's Muslim Brotherhood. Officials from Nour and the Front were due to meet on Wednesday to discuss Nour's proposals, suggesting an unlikely alliance of Mursi's critics from opposite ends of the political spectrum.

Mursi has agreed to the opposition demand to explore changes to the constitution he passed in a referendum last year, but has so far resisted the Front's calls for a unity government.

Brotherhood leader Mohamed El-Beltagy dismissed the unity government proposal as a ploy for the Front to take power despite having lost elections. On his Facebook page he ridiculed "the leaders of the Salvation Front, who seem to know more about the people's interests than the people themselves".

German industry leaders see potential in Egypt but are concerned about political instability.

"At the moment many firms are waiting on political developments and are cautious on any big investments," said Hans Heinrich Driftmann, president of Germany's Chamber of Industry and Commerce.

Mursi's supporters blame the opposition for preventing an economic recovery by halting efforts to restore stability. The opposition says an inclusive government is needed to bring calm.

"The economy depends on political stability and political stability depends on national consensus. But the Muslim Brotherhood does not talk about consensus, and so it will not lead to any improvement in the political situation, and that will lead the economy to collapse," said teacher Kamal Ghanim, 38, a protester in Tahrir Square.

(Additional reporting by Yasmine Saleh and Marwa Awad in Cairo, Stephen Brown and Gernot Heller in Berlin and Arshad Mohammed in Washington; Writing by Peter Graff; Editing by Giles Elgood)

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Stock index futures point to slightly lower start

LONDON (Reuters) - Stock index futures pointed to a slightly lower open on Wall Street on Tuesday, with futures for the S&P 500 down 0.1 percent.

Futures for the Dow Jones were flat, while contracts on the Nasdaq 100 shed 0.2 percent at 04.47 a.m. EST.

European shares edged up to hover near two-year highs, with strong earnings reports and a brightening economic outlook lifting sentiment, although technical factors could limit gains in the near term.

Yahoo Inc said it forecasts a modest uptick in revenue for the current year, sending shares in the Internet group 3 percent higher in after hours trade.

The second-largest U.S. automaker, Ford, is expected to report earnings per share of $0.26, up from $0.20 one year earlier, when it unveils fourth-quarter results at 1200 GMT. Ford, which is heavily reliant on its pickup trucks for profits, is bound to benefit from an uptick in construction this year.

Drugmaker Pfizer is expected to report EPS of $0.44, down from $0.50 in the previous year, on plunging U.S. sales of its Lipitor cholesterol drug - which is facing generic competition since November 2011 - and disappointing demand for its Prevnar vaccine against childhood infections.

Online retailer Amazon.com reports results for the holiday quarter. They were expected to show strong sales growth, tempered by little to no profit as the world's largest Internet retailer spent heavily on its Kindle mobile gadget platform, cloud computing service and its rapidly expanding chain of shipping warehouses.

Standard & Poor's releases its S&P Case/Shiller Home Price Index for November at 1400 GMT. Prices are expected to have continued their recovery, up 0.6 percent on a seasonally adjusted basis, pointing to a housing market that is mending.

The Conference Board releases January consumer confidence figures at 1500 GMT, expected to have fallen to 64 from 65.1. The market will be looking for any impact from the "fiscal cliff" debate or the payroll tax increases at the beginning of the year.

The Federal Reserve's Open Market Committee begins two days of meetings on interest rates. Traders speculated more solid U.S. growth indicators might see the Fed pull back on its aggressive easing stimulus, which has played a key role in fuelling an equity market rally since the second half of last year.

Elon Musk has long considered Tesla Motors Inc the bold, nimble answer to the auto industry's cautious culture. Now the electric car maker's top executive has extended his help to another industrial giant: Boeing Co .

Pentagon and industry officials said on Monday a manufacturing problem was the most likely cause of an engine failure that led to the grounding of all 25 Marine Corps versions of the Lockheed Martin Corp F-35 fighter jet 10 days ago.

The Dow Jones industrial average <.dji> closed down 14.05 points, or 0.10 percent, at 13,881.93 on Monday. The Standard & Poor's 500 Index <.spx> was down 2.78 points, or 0.18 percent, at 1,500.18. The Nasdaq Composite Index <.ixic> was up 4.59 points, or 0.15 percent, at 3,154.30.

(Reporting By Francesco Canepa; Editing by Catherine Evans)

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Woods makes short work at Torrey Pines

SAN DIEGO (AP) — Tiger Woods never looked so irritated winning a golf tournament so comfortably.

His record eighth victory at Torrey Pines was all but over when Woods ripped a 5-iron from 244 yards over the corner of a bunker and onto the green at the par-5 13th hole, setting up a two-putt birdie that gave him an eight shot lead in the Farmers Insurance Open.

At least he had plenty of time to savor this victory. The final five holes felt like they took forever.

Woods twirled his club on the tee and leaned on it in the fairway as the final round dragged on. He lost rhythm and appeared to lose interest, and it showed. A bogey from the bunker on the 14th. A tee shot that caromed off a eucalyptus tree on the 15th hole that led to double bogey. A tee shot he popped up on the 17th hole that left him 50 yards behind the other players and led to another bogey.

"It got a little ugly at the end," Woods said. "I started losing patience a little bit with the slow play."

No matter. It only affected the margin, not the outcome. Woods had to settle for an even-par 72 that gave him a four-shot win over defending champion Brandt Snedeker and Josh Teater, who each had a 69.

For a tour that has been criticized for slow play, this wasn't an ideal start to the network portion of its schedule. With Woods virtually a lock to win, CBS Sports wanted the final round to resume Monday later than normal so that it could be televised in late afternoon on the East Coast. Play was so slow that CBS went over its allotted time.

Woods, meanwhile, had the ideal start to his tour season.

Only a week earlier, he missed the cut in Abu Dhabi, in part because of a two-shot penalty assessed after his second round for taking an illegal drop. Woods had never missed the cut on the European Tour, and he had never started his season with the weekend off.

He might have been the only one who didn't panic.

Woods seized control with a 65 on the North Course at Torrey Pines, the spent the rest of the week pulling away from the field until no one could catch him.

"I don't know if anybody would have beaten him this week," said Nick Watney, who got within five shots of Woods when the tournament was still undecided until making three bogeys on his next five holes. "He's definitely on his game."

It's still too early to figure out the state of his game, especially in relation to Rory McIlroy, who also missed the cut in Abu Dhabi.

Torrey Pines is a public course that Woods treats like his private domain. He won the tournament for the seventh time, one short of the PGA Tour record for most wins in a single event. Sam Snead won the Greater Greensboro Open eight times. Woods won for the eighth time at Torrey Pines, including the 2008 U.S. Open, and that's a PGA Tour record that Woods previously shared with ... himself. He also has won seven times at Firestone and Bay Hill.

"I think he wanted to send a message," said Hunter Mahan, who shares a swing coach with Woods. "I think deep down he did. You play some games to try to motivate yourself. There's been so much talk about Rory. Rory is now with Nike. That would be my guess."

And it was his 75th win on the PGA Tour, seven short of the record held by Snead. Woods has won 23 of those tournaments by at least four shots.

"I'm excited the way I played all week," Woods said. "I hit the ball well — pretty much did everything well and built myself a nice little cushion. I had some mistakes at the end, but all my good play before that allowed me to afford those mistakes."

Woods mostly had reason to be excited about his short game.

In the third round Sunday, he was furious with himself for going long on the par-3 eighth green, without much green between his ball and the hole. Woods hit a chip solidly, with just enough loft, to leave himself a tap-in par. In the conclusion of the final round Monday, he pulled his tee shot into a bad spot in the bunker on the par-3 11th. The lie was good, but he had to aim well left, meaning his legs were spread wide on the slope of the sand.

He blasted it out with his 60-degree wedge to a top shelf, and then watched it feed down a slope to the right. It lost pace at the end or it might have gone in.

It looked good for television. It was a difficult shot, but not impossible.

But Woods believes those are the shots he wasn't converting a year ago. And that's one reason his outlook was so bright on the rest of the year, even after having to cope with so much fog along the Pacific bluffs.

He played the par 5s in 12 under for the lead — that alone would have been enough to win — and attributed that to his short game.

"My short game was back to how I know it can be," Woods said. "My shots that I hit, especially out of these nasty little lies, I hit some really good ones this week. And that allowed me to save some pars, make some birdies, and move my way up the board. And basically, that's what I did."

Woods figures his swing change under Sean Foley took root at some point last year, but that he had devoted so much time to the swing that he neglected his wedges. Now that he is practicing more on his short game, he expects better results — turning a 74 into a 70, and not losing leads at the majors, like he did twice last year.

Still, the season is young.

Any measure of Woods likely will have to wait until the road to the Masters gets going during the Florida Swing. Woods headed home to Florida on Monday night and is not expected to return until the Match Play Championship in Arizona a month from now. McIlroy also isn't expected to play until then, and match play being such a fickle format, the better gauge could come in the Honda Classic and at Doral.

Woods, however, likes where he is headed.

Torrey Pines is a good omen for the rest of his year. Whenever he starts a PGA Tour season with a win at Torrey, he tends to have big years — eight wins and two majors in 2006, seven wins and a major in 2007, four wins in only six starts in 2008.

Where will this lead?

"Does it feel good? Yes. Does it give me confidence? Absolutely," Woods said. "But as far as the other stuff, as I said, I'm excited about this year. I'm excited about what I'm doing with Sean and some of the things that I've built. This is a nice way to start the year."

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Former Ecuador judge on Chevron case says plaintiffs bribed court

NEW YORK/SAN FRANCISCO (Reuters) – A former Ecuadorean judge has claimed that after stepping down from the bench, he illegally ghostwrote a judgment in which Chevron was ordered to pay $ 18.2 billion (11.5 billion pounds) for polluting the rain forest, and that the plaintiffs paid a $ 500,000 bribe to the judge who issued the ruling.

Alberto Guerra, who presided over the case from 2003 to 2004, made the allegations in a sworn statement filed by Chevron on Monday in support of a lawsuit in Manhattan federal district court accusing the Ecuadorean plaintiffs and their lawyers of fraud.

“Another participant in the fraud has now come forward rather than wait to be exposed by others,” Hewitt Pate, Chevron vice president and general counsel, said in a statement.

Karen Hinton, a spokeswoman for the plaintiffs, in a statement called Guerra a “disgraced former Ecuadorean judge who is being paid hundreds of thousands of dollars by Chevron to make false allegations about the Ecuador trial court judgment.”

Guerra was not available to comment.

The filing is the latest in an ever-escalating two-decade battle between Chevron and residents of Ecuador‘s Lago Agrio over oil extraction in the region.

Residents claimed that Texaco, which Chevron acquired in 2001, polluted the rainforest and water supplies with hundreds of unlined waste pits from 1964 to 1992, damaging crops and public health including deaths from cancer.

Chevron claimed that its share of the waste pits had been cleaned up and that its activities were not responsible for environmental and public health damage.

An Ecuadorean court entered the $ 18.2 billion judgment in 2011. The award was upped to $ 19 billion in July.

The National Court of Justice, Ecuador’s highest court, last month appointed three judges to hear Chevron’s final appeal in that country of the court decision.

One of them, Oscar Bermudez, told Reuters that they are not allowed to consider new evidence.

“Our job is to make sure the sentence issued by the previous court complies with legal and constitutional precepts … they can provide new evidence but the court cannot take it into account,” he said, adding that Chevron may consider presenting Guerra’s statement to Ecuador’s attorney general for his consideration.

Chevron, with no assets in Ecuador now, has fought a global campaign against the enforcement of the $ 19 billion award. In February 2011, it filed the New York federal lawsuit against the plaintiffs and their lawyers, including Steven Donziger and Pablo Fajardo, contending the judgment was obtained via fraud.

The declaration Monday by Guerra was filed by Chevron in support of that lawsuit.

According to the document, the Chevron case had been assigned to Judge Nicolas Zambrano in 2009. Guerra said Zambrano at times ask him to ghostwrite civil rulings for him for $ 1,000 a month, which he says was illegal.

The case was then given to another judge, Juan Nunez, who later had to recuse himself due to allegations of bribery brought by Chevron after Nunez was caught on tape discussing the case. Zambrano then took charge again.

In his sworn declaration, Guerra wrote: “Zambrano told me he was in direct contact with Mr. Fajardo and that the Plaintiffs’ representatives had agreed to pay him USD $ 500,000 from whatever money they were to collect from the judgment, in exchange for allowing them to write the judgment in the Plaintiffs’ favor.”

Guerra in his declaration said he received $ 38,000 from the company for the costs of providing the evidence. Kent Robertson, a spokesman for Chevron, confirmed Chevron has agreed to pay Guerra’s family $ 10,000 for monthly living expenses and $ 2,000 for housing.

“He’s a scoundrel,” Fajardo told Reuters on Monday. “I’ve never met Mr. Guerra, but I know who he is and how he’s being paid by Chevron.”

In a statement from the Ecuador plaintiffs last week, Fajardo said Guerra had at one point offered to provide testimony to the rainforest communities if they would pay him, though they had refused.

Zambrano could also not be contacted on Monday. He has been out of the public eye since his dismissal last February for releasing a drug trafficker in an act described by the judicial watchdog as “obvious negligence.”

The New York case is Chevron Corporation v. Donziger, et al., U.S. District Court, Southern District of New York, 11-00691.

(Reporting by Nate Raymond in New York, Braden Reddall in San Francisco, and Eduardo Garcia Gil and Alexandra Valencia in Quito; Editing by Lisa Shumaker)

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Why haven't we learned from fires?

STORY HIGHLIGHTS

• Pyrotechnics, overcrowding, poor exits have contributed to tragic fires in recent years


• You would think the world would have learned from past incidents, John Barylick says


• Concertgoers have to be their own fire marshals, he says

Editor's note: John Barylick, author of "Killer Show," a book on the 2003 Station nightclub fire in Rhode Island, is an attorney who represented victims in wrongful death and personal injury cases arising from the fire.

(CNN) -- Sunday morning we awoke to breaking news of another tragic nightclub fire, this time in Brazil. At last report the death toll exceeded 230.

This tragedy is not without precedent. Next month will mark the 10th anniversary of a similar nightclub fire in Rhode Island. At this sad time, it's appropriate to reflect on what we've learned from club fires -- and what we haven't.

Rhode Island's Station nightclub fire of 2003, in which 100 concertgoers lost their lives, began when fireworks set off by Great White, an 80s heavy metal band, ignited flammable packing foam on the club's walls.

Deadly blazes: Nightclub tragedies in recent history

John Barylick

Panicked patrons stampeded toward the club's main exit, and a fatal pileup ensued. Contributing to the tragedy were illegal use of pyrotechnics, overcrowding and a wall covering that would have failed even the most rudimentary flammability tests.

Video images of the Station fire were broadcast worldwide: A concert begins; the crowd's mood changes from merry, to curious, to concerned, to horrified -- in less than a minute. You'd think the world would have learned from it. You would be wrong.

The following year, the Republica Cromanon nightclub in Argentina went up in flames, killing 194 people. The club was made to hold about 1,000 people, but it was estimated that more than 3,000 fans were packed inside the night of the fire, which began when fans began lighting flares that caught the roof on fire.

Echoes of the past: Rhode Island victims 'can't help but watch'

Then, in January 2009, at least 64 New Year's revelers lost their lives in a nightclub in Bangkok, Thailand, after fire ignited its ceiling. Many were crushed in a rush to get out of the club. In December of that same year, a fire in a Russian nightclub, ignited by pyrotechnics, killed 156 people. Overcrowding, poor exits, and indoor fireworks all played roles in these tragedies; yet no one bothered to learn from mistakes of the past.

While responsibility for concert disasters unquestionably lies with venue operators, performers and promoters, ultimately, we, as patrons of clubs and concerts, can enhance our own safety by taking a few simple steps. The National Fire Protection Association urges concertgoers to:

• Be observant. Is the concert venue rundown or well-maintained? Does the staff look well-trained?

• As you proceed to your seat, observe how long the process takes. Could you reverse it in a hurry? Do you pass through pinch points? Is furniture in the way?

• Once seated, take note of the nearest exit. (In an emergency, most people try to exit by the door they entered, which is usually not the closest, and is always overcrowded.) Then, share the location of that nearest exit with your entire party. Agree that at the first sign of trouble, you will all proceed to it without delay.

• Once the show begins, remain vigilant. If you think there's a problem, LEAVE IMMEDIATELY. Do not stay to "get your money's worth" despite concerns about safety. Do not remain to locate that jacket or bag you placed somewhere. No concert is worth your life. Better to read about an incident the next day than be counted as one of its statistics.

Read more: How to protect yourself in a crowd

To be sure, all fire codes must be vigorously enforced, and club and concert hall operators must be held to the highest standards. A first step is banning indoor pyrotechnics in all but the largest, stadium-type venues.

But, ultimately, we are our own best "fire marshals" when it comes to avoiding, and escaping, dangerous situations. We can still enjoy shows. But it is up to us to look out for our own safety.

In coming days, Rhode Islanders will follow the unfolding news from Brazil with a sense of queasy deja vu -- the rising body counts, the victim identification process, the grieving families, and the assigning (and dodging) of blame. If only they had learned from our tragedy.

The opinions expressed in this commentary are solely those of John Barylick.

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