Wednesday, April 17, 2013

Cost cuts, American Girl help Mattel beat expectations

By Dhanya Skariachan

(Reuters) - No. 1 toymaker Mattel Inc reported stronger-than-expected first-quarter results, helped by cost controls and higher demand for American Girl and Monster High dolls, sending the company's shares to their highest level in nearly 15 years.

Mattel shares rose as much as 6 percent in early trading on Wednesday.

The company, best known for its Barbie dolls and Hot Wheels cars, has raised prices globally and started making products for local consumption in countries including Brazil and India to hold the line on costs.

Local production helps Mattel get products to stores faster and cut down on import duties and shipping costs, it told Reuters earlier this year.

Mattel said selling, general and administrative (SG&A) costs as a percentage of net sales fell by 30 basis points to 37.1 percent in the first quarter.

For the full year, however, the company forecast SG&A spending to be higher than last year. Expenses for the year include investments in new franchises, emerging markets and additional American Girl stores.

The company also expects higher employee and benefit costs in the year, Chief Financial Officer Kevin Farr said on a post earnings call with analysts.

Mattel said he expects gross margins in the low-to-mid 50 percent range for the full year. Mattel reported first-quarter gross margins of 54.2 percent.

Net income rose to $38.5 million, or 11 cents a share, from $7.8 million, or 2 cents a share, a year earlier. Analysts on average were expecting a profit of 9 cents a share, according to Thomson Reuters I/B/E/S.

Smaller rival Hasbro Inc is due to report quarterly results next week.

The first quarter is typically the least significant of the year in terms of sales for toy companies. They make more than a third of their annual revenue in the fourth quarter, which includes the all-important holiday selling season.

"This was another solid quarter for the company, albeit seasonally not important," said Stifel analyst Drew Crum. He maintained his "hold" rating on Mattel shares, citing their valuation.

Mattel's sales rose 7 percent to $995.6 million, beating the analysts' average estimate of $986.5 million.

Sales were down 2 percent for Barbie-branded items and fell 7 percent for Fisher-Price toys, but rose 32 percent for American Girl products. Demand was also strong for Monster High dolls.

Analysts such as Sean McGowan with Needham have tied some of the weakness in the Barbie brand to the rising popularity of other Mattel dolls, such as Monster High, which appeared on many hot toy lists in 2012.

(Additional reporting by Siddharth Cavale in Bangalore; Editing by Lisa Von Ahn, David Goodman and Supriya Kurane)

Source: http://news.yahoo.com/mattel-quarterly-profit-rises-101119542--finance.html

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Couple Having Sex on Google Street View: Real or Fake?

Source: http://www.thehollywoodgossip.com/2013/04/couple-having-sex-on-google-street-view-real-or-fake/

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Tuesday, April 16, 2013

Parents can help their children avoid alcohol pitfalls during transition from high school to college

Apr. 16, 2013 ? Prior research has shown that the transition from high school to college is a particularly vulnerable time, associated with increased alcohol use and risk of negative alcohol-related consequences. While studies have examined the effectiveness of prevention programs to address this problem, few have examined which students may benefit the most. A study of student characteristics has found that parent-based interventions (PBIs) can be effective even among those students feeling high peer pressure to drink alcohol.

Results will be published in the September 2013 issue of Alcoholism: Clinical & Experimental Research and are currently available at Early View.

"College matriculation is a vulnerable transition for many youth for many reasons," said Michael J. Cleveland, research assistant professor at the Prevention Research Center at The Pennsylvania State University and corresponding author for the study. "Increased freedoms and autonomy -- from parental control and from the structure of high school -- as well as instability -- as new friendships and romantic relationships form -- may lead to increased opportunities, and social pressures, for young people to experiment with alcohol and other substances."

Rose Marie Ward, associate professor of health promotion at Miami University, Ohio, agreed. "The transition from high school to college is constantly marked as a crucial time for alcohol interventions," she said. "PBIs stress that during this crucial transition period, communication between the parent and teen ? is highly important."

"The PBI we examined is designed to encourage parents to maintain communication with their son or daughter, consisting of an informational handbook that is distributed to parents of incoming students during the summer before matriculation," said Cleveland. "The handbook is fairly short -- about 22 pages -- and includes an overview of college student drinking, strategies and techniques for communicating effectively with teens, and tips on discussing ways to help teens develop assertiveness and resist peer pressure. The last section of the handbook is an in-depth discussion of the major reasons teens drink alcohol, including information about how alcohol affects the body. This section also addresses the issues of parent norms and permissibility with respect to alcohol use in their teens."

The researchers used data from a randomized control trial delivered to 1,900 incoming college students (988 females, 912 males) divided into four groups: non-drinkers, weekend light drinkers, weekend heavy episodic drinkers, and heavy drinkers. Student characteristics were: injunctive peer norms, which measured participants' perceptions of their friends' approval or disapproval of four specific drinking activities; descriptive peer norms, which asked participants to write how many drinks they thought were typically consumed on each day of the week by their close friends; and personal attitudes toward alcohol use.

"We examined these particular student characteristics because there is strong evidence that links these characteristics to increased risk of alcohol use," said Cleveland. "We wanted to see if these characteristics could help explain why the intervention works better for some students compared to others."

Results showed that injunctive peer norms were key, as was the timing of the PBI.

"Our study found the effectiveness of the PBI at preventing escalation to risky drinking was different for certain groups of students, and that these effects depended on when the PBI was delivered and whether or not parents were given a 'booster,'" said Cleveland. "We found that the strongest effects of the PBI were among students who -- although they themselves reported light to moderate use of alcohol -- reported very high levels of their friends' approval for drinking alcohol."

"These results demonstrate that during the transition into college, parents can still influence their teens' alcohol consumption patterns," added Ward. "Specifically, peer approval interacted with, or combined with, the PBI to predict drinking transitions. However, this study indicates that a PBI prior to the enrollment of college, and some times with booster information provided during the first year of college, is more effective than one provided after the teen starts college. PBIs are effective. This study emphasizes that their effectiveness may be determined by the beliefs of the teen."

"Our findings should be placed in the context of other evaluations of the PBI, all of which show that this intervention is a low-cost but effective tool that prevents escalation of drinking during this transition," said Cleveland. "The materials covered in the handbook are all strategies that parents can do. Both parents and peer groups are among the strongest influences on young adults transitioning to college; both continue to have influence even as young people transition from adolescence to young adulthood."

"Parents should remember that their opinion still influences their teen," said Ward. "Even if the teen has an established drinking pattern, the parent's communication concerning drinking can impact or alter the teen's alcohol consumption. At the same time, clinicians should remember that teens are still listening to their parents. When guiding a teen about their alcohol use, the clinician might encourage the teen to share materials with their parent and to have discussions concerning alcohol use, driving under the influence, drinking enough to pass out, or frequent heavy drinking. In short, the clinician might elicit the help of the parent."

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The above story is reprinted from materials provided by Alcoholism: Clinical & Experimental Research, via EurekAlert!, a service of AAAS.

Note: Materials may be edited for content and length. For further information, please contact the source cited above.


Journal Reference:

  1. Michael J. Cleveland, Brittney Hultgren, Lindsey Varvil-Weld, Kimberly A. Mallett, Rob Turrisi, Caitlin C. Abar. Moderation of a Parent-Based Intervention on Transitions in Drinking: Examining the Role of Normative Perceptions and Attitudes Among High- and Low-Risk First-Year College Students. Alcoholism: Clinical and Experimental Research, 2013; DOI: 10.1111/acer.12126

Note: If no author is given, the source is cited instead.

Disclaimer: This article is not intended to provide medical advice, diagnosis or treatment. Views expressed here do not necessarily reflect those of ScienceDaily or its staff.

Source: http://feeds.sciencedaily.com/~r/sciencedaily/most_popular/~3/bbmtRVY9jH8/130416161825.htm

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Pharrell's Daft Punk Collabo Is 'From Another Dimension'

Skateboard P details his involvement on Daft Punk's 'Get Lucky' in new interview.
By Brendan Dempsey


Pharrell and Daft Punk
Photo: Columbia Records

Source: http://www.mtv.com/news/articles/1705740/daft-punk-pharrell-get-lucky-collaboration.jhtml

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FDA Considering Changes to Chocolate Milk Labeling Rules

WASHINGTON?Should the U.S. Food and Drug Administration (FDA) ease labeling requirements for flavored milk that includes artificial sweeteners? The International Dairy Foods Association (IDFA) and National Milk Producers Federation (NMPF) think so.

Although milk can include sucralose and other artificial sweeteners that are less fattening than sugar, current federal rules require labels that don't appeal to children, according to a 2009 petition the FDA is considering.

In a consumer update Monday, FDA said IDFA and NMPF have asked for the right to label a milk carton containing artificial sweeteners "chocolate milk" rather than having to prominently display such labels as "reduced calorie" or "no added sugar".

"IDFA and NMPF state that the proposed amendments would promote more healthful eating practices and reduce childhood obesity by providing for lower-calorie flavored milk products," FDA stated in a notice published in the Federal Register. "They state that lower-calorie flavored milk would particularly benefit school children who, according to IDFA and NMPF, are more inclined to drink flavored milk than unflavored milk at school."

Under the proposed "standard of identity" changes to milk and 17 other milk and cream products, the artificial sweeteners would still need to be listed on the back or side of the product, FDA explained. Other products that are subject to the proposed changes include nonfat dry milk, heavy cream, eggnog, half-and-half and sour cream.

The agency has received roughly 30,000 public comments on the?petition, which is still open for comment until May 21. FDA noted consumers appear to be under the mistaken impression that the artificial sweeteners wouldn't have to be listed anywhere on the product.

?If we granted the petition, a carton of chocolate milk made with non-nutritive sweeteners would simply say ?chocolate milk,? the same as a carton made with nutritive sweeteners, such as sugar," explained Felicia Billingslea, director of FDA?s Food Labeling and Standards staff, in a statement. ?You would need to read the ingredient list, which is typically on the back or the side of the product, in order to tell the difference between the two."

Source: http://www.foodproductdesign.com/news/2013/04/fda-considering-change-to-chocolate-milk-labeling.aspx

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Monday, April 15, 2013

Laser liposuction melts fat, results in tighter skin

Apr. 15, 2013 ? A new, minimally invasive treatment that uses lasers to melt fat could replace the "tummy tuck," suggests research on more than 2,000 people being presented at the Society of Interventional Radiology's 38th Annual Scientific Meeting in New Orleans.

Without the risks of a surgical procedure (such as the tummy tuck) and when used in combination with standard liposuction, the fat-melting action of laser lipolysis, a minimally invasive treatment, has the added benefit of producing new collagen (collagen is the main protein that gives the skin its tone and texture). Additionally, the laser causes the collagen to contract, which tightens the skin. This tightening alleviates the fear of skin sagging, a common complaint after standard liposuction. Laser lipolysis also enables the removal of more fat than standard liposuction.

"Many women who have standard liposuction are discouraged because often the skin sags after the fat is removed," said Abbas Chamsuddin, M.D., lead author of the study and an interventional radiologist at the Center for Laser and Interventional Surgery in Atlanta, Ga. "Ultrasound-assisted guidance of a fiber-optic laser during laser lipolysis can be used on many parts of the body and results in excellent sculpting with tight skin," he added.

"Liposuction has been around for more than 20 years. Many people don't try it because they have heard that the skin often sags after the fat is removed. This is especially true for individuals who want to lose abdominal fat, but also need the skin to retract. Traditional liposuction also has a limitation to the volume of fat that could potentially be removed," said Chamsuddin. "Combining traditional liposuction with laser lipolysis has now been shown to produce well-sculpted bodies with tight skin. We are able to give people things such as a tighter abdomen without the need for surgery," he said.

Between February 2009 and July 2012, a group of 2,183 individuals, ages 17 to 73 (75 percent female, 25 percent male), underwent laser-assisted lipolysis and liposuction on multiple areas of the body, including the neck, arms, love handles, breast, belly, thighs and calves. Prior to treatment, each person had measurements recorded including weight, diameter of the area treated and skin tightness. At each follow-up appointment the diameter of the treatment areas was measured and recorded. Skin tightness was also recorded against control criteria.

The laser's thermal (heat) energy melts the fat and standard liposuction removes it from the body, noted Chamsuddin. Patient follow-up was daily for a week and then at one, three and six months. All treated areas showed improvement in reducing fat bulk as well as tightening skin. The laser uses targeted energy to "zero in" on the fat, without affecting the other tissue, enabling a faster recovery, he added.

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The above story is reprinted from materials provided by Society of Interventional Radiology.

Note: Materials may be edited for content and length. For further information, please contact the source cited above.


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Source: http://feeds.sciencedaily.com/~r/sciencedaily/living_well/~3/mj1MBKviE1I/130415124819.htm

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Opinion: N. Korea already won (CNN)

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