Azarenka beats Li, defends Australian Open title


MELBOURNE, Australia (AP) — Victoria Azarenka had the bulk of the crowd against her. The fireworks were fizzling out, and when she looked over the net she saw Li Na crashing to the court and almost knocking herself out.


Considering the cascading criticism she'd encountered after her previous win, Azarenka didn't need the focus of the Australian Open final to be on another medical timeout.


So after defending her title with a 4-6, 6-4, 6-3 victory over the sixth-seeded Li in one of the most unusual finals ever at Melbourne Park, Azarenka understandably dropped her racket and cried tears of relief late Saturday night.


She heaved as she sobbed into a towel beside the court, before regaining her composure to collect the trophy.


"It isn't easy, that's for sure, but I knew what I had to do," the 23-year-old Belarusian said. "I had to stay calm. I had to stay positive. I just had to deal with the things that came onto me."


There were a lot of those things squeezed into the 2-hour, 40-minute match. Li, who was playing her second Australian Open final in three years, twisted her ankle and tumbled to the court in the second and third sets.


The second time was on the point immediately after a 10-minute delay for the Australia Day fireworks — a familiar fixture in downtown Melbourne on Jan. 26, but not usually coinciding with a final.


Li had been sitting in her chair during the break, while Azarenka jogged and swung her racket around before leaving the court to rub some liniment into her legs to keep warm.


The 30-year-old Chinese player had tumbled to the court after twisting her left ankle and had it taped after falling in the fifth game of the second set. Immediately after the fireworks ceased, and with smoke still in the air, she twisted the ankle again, fell and hit the back of her head on the hard court.


The 2011 French Open champion was treated immediately by a tournament doctor and assessed for a concussion in another medical timeout before resuming the match.


"I think I was a little bit worried when I was falling," Li said, in her humorous, self-deprecating fashion. "Because two seconds I couldn't really see anything. It was totally black.


"So when the physio come, she was like, 'Focus on my finger.' I was laughing. I was thinking, 'This is tennis court, not like hospital.'"


Li's injury was obvious and attracted even more support for her from the 15,000-strong crowd.


Azarenka had generated some bad PR by taking a medical timeout after wasting five match points on her own serve in her semifinal win over American teenager Sloane Stephens on Thursday. She came back after the break and finished off Stephens in the next game, later telling an on-court interviewer that she "almost did the choke of the year."


She was accused of gamesmanship and manipulating the rules to get time to regain her composure against Stephens, but defended herself by saying she actually was having difficulty breathing because of a rib injury that needed to be fixed.


That explanation didn't convince everybody. So when she walked onto Rod Laver Arena on Saturday, there were some people who booed, and others who heckled her or mimicked the distinctive hooting sound she makes when she hits the ball.


"Unfortunately, you have to go through some rough patches to achieve great things," she said. "That's what makes it so special for me. I went through that, and I'm still able to kiss that beautiful trophy."


She didn't hold a grudge.


"I was expecting way worse, to be honest. What can you do? You just have to go out there and try to play tennis in the end of the day," she said. "It's a tennis match, tennis battle, final of the Australian Open. I was there to play that.


"The things what happened in the past, I did the best thing I could to explain, and it was left behind me already."


The match contained plenty of nervy moments and tension, and 16 service breaks — nine for Li. But it also produced plenty of winners and bravery on big points.


Azarenka will retain the No. 1 ranking she's mostly held since her first Grand Slam win in Melbourne last year.


Li moved into the top five and is heartened by a recent trend of Australian runner-ups winning the French Open. She accomplished that in 2011, as did Ana Ivanovic (2008) and Maria Sharapova (2012).


"I wish I can do the same this year, as well," Li said.


Later Saturday, Bob and Mike Bryan won their record 13th Grand Slam men's doubles title, defeating the Dutch team of Robin Haase and Igor Sijsling 6-3, 6-4.


Sunday's men's final features two-time defending champion Novak Djokovic and U.S. Open winner Andy Murray. Djokovic is seeking to become the first man in the Open era to win three titles in a row in Australia.


Azarenka was planning a night of partying to celebrate her second major title, with her friend Redfoo and the Party Rock crew, and was hopeful of scoring some tickets to the men's final.


She said she needed to let her hair down after a draining two weeks and hoped that by being more open and frank in recent times she was clearing up any misconceptions the public had of her.


"When I came first on the tour I kind of was lost a little bit," he said. "I didn't know how to open up my personality. It's very difficult when you're alone. I was independent since I was, you know, 10 years old. It was a little bit scary and I wouldn't show my personality.


"So the (last) couple of years I learned how to open up to people and to share the moments. I wasn't really good before. I hope I got better. It's your judgment."


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Lorne Michaels comedy pilot lands at NBC






LOS ANGELES (TheWrap.com) – “Saturday Night Live” boss Lorne Michaels is broadening his relationship with NBC via a new comedy pilot.


The untitled project will star stand-up comic (and “SNL” writer) John Mulaney, and is loosely based on his life.






Mulaney will also write and executive-produce the project, with Michaels, Andrew Singer, Dave Becky and David Miner also executive-producing.


The project will be produced by Universal Television, Broadway Video and 3 Arts Entertainment.


Last month, Michaels – along with “Up in the Air” director Jason Reitman and “Girls” co-executive producer Bruce Eric Kaplan – sold a comedy pilot, “People in New Jersey,” to HBO. That project centers around an adult brother and sister who puzzle over the big and small mysteries of life while living in New Jersey.


TV News Headlines – Yahoo! News





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Exxon overtakes Apple in market value again






NEW YORK (Reuters) – Exxon Mobil briefly overtook Apple as the largest U.S. publicly traded company by market value on Friday as shares of the technology giant continued to fall.


Apple shares traded down 2 percent on the day at $ 441.31, down from a high above $ 700 set in September, for a market value of roughly $ 416 billion. Exxon shares, flat on the day at $ 91.33, added to a market value of about $ 416.5 billion.






Apple has closed the day as the largest company by market capitalization since late January last year, when it passed Exxon.


(Reporting by Rodrigo Campos; Editing by James Dalgleish)


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Earnings lift Wall Street; S&P 500 advances for eighth day

NEW YORK (Reuters) - U.S. stocks rose on Friday as strong Procter & Gamble Co's earnings trumped weak housing numbers and helped carry the Standard & Poor's 500 index higher toward its longest winning streak in more than eight years.


Procter & Gamble shares rose 3.9 percent to $73.15 and gave the biggest boost to both the Dow and S&P 500 after the world's top household products maker's quarterly profit soared past expectations. The company also raised its sales and earnings outlook for the fiscal year.


But the stock market's gains were curbed after economic data showed new U.S. single-family home sales fell in December, although expectations for a continued housing sector recovery remain intact. The PHLX housing sector index <.hgx> edged up 0.15 percent.


Apple Inc dropped 2.1 percent to $441.24. The stock of the iPhone maker has dropped more than 17 percent since the start of the year on growth concerns. Friday's decline knocked the tech giant from its perch as the most valuable U.S. company, making it No. 2 after ExxonMobil Corp .


Helping to lift the Nasdaq index, Starbucks Corp , rose 4.3 percent to $56.94 after the coffee retailer reported stronger-than-expected sales in the United States and Asia.


The benchmark S&P 500 index is up 5.2 percent so far in January. The equity market's strong start this year has been attributed to solid corporate results, an agreement in Washington to extend the government's borrowing power, encouraging signs from the global economy and seasonal inflows into stocks.


Those factors helped the S&P 500 rally for a seventh day on Thursday to reach a five-year peak. But the index has struggled to convincingly climb above 1,500, a level it surpassed briefly on Thursday for the first time since December 2007.


"It looks like we are encountering a little short-term resistance. The market always likes whole numbers and 1,500 seems like as good as any," said Doug Foreman, co-chief investment officer at Kayne Anderson Rudnick Investment Management in Los Angeles.


"The earnings are coming in pretty good overall. Expectations had been pretty low for the quarter given the 'fiscal cliff' concerns, etc., so some of the stocks are acting pretty well even with numbers that are a little bit better than people had feared."


If the S&P 500 rises for an eighth day on Friday, it will be its longest winning streak since late 2004, when it rallied for nine straight days.


The Dow Jones industrial average <.dji> gained 55.58 points, or 0.40 percent, to 13,880.91. The Standard & Poor's 500 Index <.spx> climbed 5.81 points, or 0.39 percent, to 1,500.63. The Nasdaq Composite Index <.ixic> rose 14.49 points, or 0.46 percent, to 3,144.88.


Honeywell International Inc posted fourth-quarter earnings just above Wall Street's estimates, reflecting the diversified U.S. manufacturer's campaign to boost profit margins in the face of sluggish sales growth. Honeywell's stock edged up 0.1 percent to $68.33.


The initial portion of earnings season has been encouraging relative to recent expectations. Overall, S&P 500 fourth-quarter earnings growth is on track for a 2.9 percent rise, up from the forecast of a 1.9 percent gain at the start of the earnings season but well below the 9.9 percent increase in an October 1 forecast.


Thomson Reuters data through Friday showed that of the 147 S&P 500 companies that have reported earnings, 68 percent exceeded expectations. Since 1994, 62 percent of companies have topped expectations, while the average over the past four quarters stands at 65 percent.


Halliburton Co shares jumped 5.1 percent to $39.72 after the world's second-largest oilfield services company reported higher-than-expected earnings and sales for the fourth quarter. Strong international drilling activity offset a slowdown in onshore North America work, Halliburton said.


(Editing by Jan Paschal and Kenneth Barry)



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Murray edges Federer, reaches Australian final


MELBOURNE, Australia (AP) — Andy Murray has finally beaten Roger Federer at a Grand Slam.


The U.S. Open champion beat 17-time major winner Federer 6-4, 6-7 (5), 6-3, 6-7 (2), 6-2 Friday at the Australian Open, calling it a massive confidence boost as he attempts to win his second consecutive major.


Murray, who missed his chance to serve out the match at 6-5 in the fourth set, will play defending champion and top-seeded Novak Djokovic in Sunday's final. Djokovic cruised past David Ferrer in straight sets in just under 90 minutes — 2 1/2 hours less than Murray's semifinal.


Advantage Djokovic.


There was some controversy in that 12th game of the fourth set when Federer appeared to glare and say something to Murray when the Scotsman stopped momentarily behind the baseline during the rally.


Murray ignored it after winning the point, but conceded serve in that game and lost the ensuing tiebreaker before regrouping in the fifth set.


"I mean, it wasn't a big deal," Federer said. "We just looked at each other one time. That's OK, I think. We were just checking each other out for bit. That wasn't a big deal for me — I hope not for him."


While Murray came into the match with a 10-9 career advantage, Murray had never beaten Federer in their three previous meetings at a major — the finals of the 2008 U.S. Open, 2010 Australian Open and last year at Wimbledon.


"It's always tough against him, when he plays in Slams is when he plays his best tennis," Murray said. "When his back was against the wall at 6-5 and I was serving, he came up with some unbelievable shots. I just had to keep fighting."


On Saturday, defending champion Victoria Azarenka will play Li Na of China for the women's singles title. Azaranka needs to win to retain her No. 1 ranking or it will go to Serena Williams.


Also, American brothers Bob and Mike Bryan will play their fifth consecutive Australian Open doubles final and attempt to win a record 13th Grand Slam doubles championship. They'll play the Dutch pair of Robin Haase and Igor Sijsling.


Federer outplayed Murray at stages of the match, but the 25-year-old Scotsman appeared to have the legs and stamina over the 31-year-old Federer in the fifth set, including a service break to clinch the tense match.


"It's big. I never beat Roger in a Slam before. It definitely will help with the confidence," Murray said. "Just knowing you can win against those guys in big matches definitely helps."


Federer said he was playing catch-up all night.


"Definitely it was more of a chase," Federer said. "I think I had my chances a little bit. Obviously, you're going to go through a five-setter with some regrets. But overall, I think Andy was a bit better than I was tonight."


Murray refused to elaborate on the details of the exchange in the fourth set.


"Stuff like that happens daily in tennis matches ... it was very, very mild in comparison to what happens in other sports," Murray said. "It's just one of those things."


Murray said while the outburst didn't "rattle" him, it might have helped Federer get back in the match.


"I think he raised his game, and that's what happens," he said. "Sometimes guys need to get emotion into the match. He definitely raised his level ... in that game I think he hit two balls onto the line and was extremely aggressive after that."


Asked again what Federer had said, Murray reiterated he didn't feel it was "relevant."


"I'm sure Roger won't talk about it and I have no interest in discussing it either, because, like I say, it happens all the time," he said. "People will want to make a big deal of it and it isn't really a big deal.


"It's a very late finish, I'm tired. I don't want to be wasting any energy, because I'll need all of it if I want to win against Novak on Sunday."


With a capacity crowd of 15,000 at Rod Laver Arena watching, including the Australian legend Laver himself, Federer opened the match serving and was in trouble early, losing a 28-rally point to set up break point for Murray. But Federer held the game with a stunning cross-court forehand that just looped over the net from the baseline.


Murray, who had not lost a set through five rounds at Melbourne Park this year, had the first service break — on his fourth break point — to lead 2-1. It came in unusually cool summer conditions in Melbourne — breezy and temperatures of only 60 degrees during most of the match.


The crowd was initially evenly split between Federer and Murray supporters — and at times, they were competing to be heard. At one point in the second set, a group of Murray fans wearing white shirts with blue letters spelling his nickname "Muzza" stood to chant Murray's name, while a group of Federer supporters with Swiss flags on their cheeks and shirts chanted Federer's name.


Earlier Friday, top-seeded Sara Errani and Roberta Vinci of Italy won the first title of 2013 at Melbourne Park, beating the unseeded Australian pair of Ashleigh Barty and Casey Dellacqua 6-2, 3-6, 6-2 for the women's doubles championship.


The 16-year-old Barty was attempting to become the youngest Grand Slam champion since Martina Hingis won the Australian Open singles title in 1997.


Li lost the Australian Open final to Kim Clijsters in 2011 two months before winning her first and only Grand Slam at the French Open.


"Last time was more exciting, (more) nervous because it was my first time to be in a final," Li said. "But I think this time (I'm) more calmed down, more cool."


Azarenka leads 5-4 in career matches, including winning the last four times they've played.


"I'm really hungry to defend my title," Azarenka said. "I've put myself in the position to give it the best shot."


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Where is aid for Syria going?






STORY HIGHLIGHTS


  • The U.S. ambassador to Syria says the U.S. has provided $210 million in humanitarian aid

  • The assistance has to be discrete, he said, to protect workers from being targeted

  • Washington has also provided $35 million worth of assistance to Syria's political opposition

  • Ambassador: We can help, but it's up to Syrians to find their way forward




(CNN) -- It has been more than a year since the United States government withdrew its ambassador to Syria and closed its embassy in Damascus.


On Thursday, that ambassador returned to the region along with a U.S. delegation, touring a Syrian refugee camp in Turkey to bring more attention to the growing humanitarian crisis. As the civil war has intensified in Syria, hundreds of thousands of people have sought refuge in Turkey, Lebanon, Jordan and other neighboring countries.


Ambassador Robert Ford gave an exclusive interview to CNN's Ivan Watson and described what the U.S. is doing to help the refugees and the Syrian opposition.


Ivan Watson: The U.S. has given $210 million in aid (to Syria), but I think that there is a perception problem because no one can actually point at what that help is. So people conclude there is no help.


Robert Ford: The assistance is going in. It's things like tents, it's things like blankets, it's things like medical equipment, but it doesn't come in big boxes with an American flag on it because we don't want the people who are delivering it to be targeted by the Syrian regime.


The regime is going after and killing people who are delivering supplies. You see them bombing even bakeries and bread lines. So we're doing that, in part, to be discrete.



The assistance is going in ... but it doesn't come in big boxes with an American flag on it.
Robert Ford, U.S. ambassador to Syria



The needs are gigantic. So even though a great deal of American materials and other countries' materials are arriving, the needs are still greater. And that's why we're going to Kuwait to talk to the United Nations and to talk to other countries about how we can talk together to provide additional assistance.


Watson: The head of the Syrian National Coalition, which the U.S. government has backed, came out with a statement very critical of the international community, saying we need $3 billion if you want us to have any say on events on the ground inside Syria. Where is that money?


Ford: (Sheikh Ahmed) Moaz al-Khatib is a good leader, and we think highly of him and we have recognized his (coalition) as the legitimate representative of the Syrian people. And, of course, he wants to get as many resources as possible because of the humanitarian conditions that I was just talking about. Especially the ones inside Syria.


But we also, at the same time, have to build up those (aid) networks I was talking about. In some cases, they start out with just a few people. We don't need just a few people, we need hundreds of people, thousands of people on the inside of Syria organized to bring these things in.


And so step by step, the Syrians, Moaz al-Khatib and his organization, need to build that capacity. We can help build it, we can do training and things like that. But in the end, Syrians have to take a leadership role in this.


Watson: Is Washington giving money to the Syrian National Coalition?


Ford: We absolutely are assisting the (coalition), with everything from training to, in some cases, limited amount of cash assistance so that they can buy everything ranging from computers to telephones to radios.








Frankly, if not for the American assistance in many cases, the activists inside Syria wouldn't be in contact with the outside world. It's American help that keeps them in contact with the outside world.


Watson: But, how much assistance has this coalition gotten from the U.S.?


Ford: So far, we've allocated directly to the coalition in the neighborhood of $35 million worth of different kinds of equipment and assistance. And over the next few weeks, couple of months, we'll probably provide another $15 million worth of material assistance.


Watson: Washington recently blacklisted Jabhat al-Nusra, the Nusra Front, calling it a terrorist organization even though inside Syria, it has attracted a lot of respect for its victories and for comparative lack of corruption compared to many rebel groups. How has blacklisting the Nusra Front helped the Syrian opposition?


Ford: We blacklisted the Nusra Front because of its intimate links with al Qaeda in Iraq, an organization with whom we have direct experience, which is responsible for the killings of thousands of Iraqis, hundreds of Americans. We know what al Qaeda in Iraq did and is still doing, and we don't want it to start doing that in Syria -- which is why we highlighted its incredibly pernicious role.


I think one of the things that our classification of Nusra as a terrorist group did is it set off an alarm for the other elements of the Free Syrian Army. There was a meeting of the Free Syrian Army to set up a unified command, (and) Nusra Front was not in that meeting -- which we think is the right thing to do. As Syrians themselves understand that Nusra has a sectarian agenda, as they understand better that Nusra is anti-democratic and will seek to impose its very strict interpretation of Islam on Syria -- which historically is a relatively moderate country in terms of its religious practices -- as Syrians understand that better, I think they will more and more reject the Nusra Front itself.


Watson: But I've seen the opposite. As I go into Syria, I hear more and more support and respect for the Nusra Front, and more and more criticism for the U.S. government each time I go back.


Ford: I think that people, Ivan, are still understanding what Nusra is. I have heard criticism from the Nusra Front from people like Moaz al-Khatib who, in Marrakesh (Morocco) in his speech, said he rejected the kind of ideology which backs up Nusra. ... We have heard that from the senior commander of the Free Syrian Army as well. And so the more people understand inside Syria what Nusra is and represents, I think they will agree that is not the group on which to depend for freedom in Syria.


Watson: Do you think the U.S. government could have done more?


Ford: I think the Syrians, as I said, are the ones who will bring the answer to the problem -- just as in Iraq, Iraqis brought the solution to the Iraq crisis, to the Iraq war. The Americans can help, and we helped in Iraq, but ultimately it wasn't the Americans. Despite our help, it was Iraqis.


In Syria, again, it has to be Syrians who find their way forward. Twenty-three million Syrians need to find their way forward. We can help, and we are helping: $210 million in humanitarian assistance, $50 million to help the political opposition get organized for the day after (Bashar) al-Assad goes. These are important bits of help. But ultimately, it's not the American help. It's the Syrians themselves.







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Booker winner Mantel says play next “logical step”






LONDON (Reuters) – Double Booker prize-winning author Hilary Mantel said the characters in her historical novels about the rise of Thomas Cromwell will take the next “logical step” to a stage adaptation at the Royal Shakespeare Company (RSC) this year.


Mantel said in a video interview on the RSC website this week that she has always longed to give “solid form” to her depictions of Cromwell, Henry VIII and Anne Boleyn in her “Wolf Hall” and “Bring Up the Bodies” books.






“From the moment I started writing Wolf Hall the characters were fighting to be off the page,” Mantel said in the video.


The 60-year-old Mantel said she was delighted to have playwright Mike Poulton, whose works have garnered some of the theatre world’s top awards, recreate her novels for the stage.


“He’s the man who knows about the stagecraft,” she said. “I’m the one who knows the characters inside out.”


The first woman and first Briton to win the Booker twice for her novels set in Henry VIII’s court said she has been inspired by the RSC since the age of 15 when she went alone to its Stratford-upon-Avon home and watched four plays in three days.


“It was a shaping experience, so it really is a dream come true for me to have the opportunity to see the RSC present my plays,” she said.


Mantel is working on a third novel in the trilogy.


The RSC also said on Wednesday that David Tennant will star in the title role of “Richard II” in winter 2013, making his return five years after a turn as Hamlet which earned him a best Shakespearean performance trophy at the Critics’ Circle Theatre Awards in 2009.


“Both plays will be directed by Royal Court Associate Director Jeremy Herrin, making his RSC directing debut,” RSC Artistic Director Gregory Doran said.


The world premiere of “Wendy & Peter Pan” by Ella Hickson and directed by Jonathan Munby will round out the winter season, the RSC said.


Tickets for the RSC’s winter 2013 season, which begins in October 2013 and runs until March 2014 will go on sale for members on February 11 and for the wider public on March 18, the RSC said.


(Reporting by Paul Casciato; editing by Patricia Reaney)


Celebrity News Headlines – Yahoo! News





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RIM shares rise on report of Lenovo interest






TORONTO (Reuters) – Shares of Research In Motion Ltd rose 4 percent on Thursday after a report quoting China’s Lenovo Group as saying a bid for the BlackBerry maker was among the options for boosting its mobile business.


“We are looking at all opportunities — RIM and many others,” Lenovo Chief Financial Officer Wong Wai Ming told Bloomberg in an interview at the World Economic Forum‘s annual meeting in Davos, Switzerland. “We’ll have no hesitation if the right opportunity comes along that could benefit us.”






Wong said Lenovo has spoken to RIM and its bankers about various combinations or strategic ventures, the Bloomberg report said.


Earlier this week, RIM shares surged to a 13-month high after its chief executive, Thorsten Heins, said RIM might consider strategic alliances with other companies, including a possible sale of its handset business, following next week’s launch of devices powered by RIM‘s new BlackBerry 10 operating system.


Any bid for RIM, which Canadian Prime Minister Stephen Harper once described as a national “crown jewel,” would face a rigorous review by the government to determine if the deal would bring a “net benefit” to the country.


ALL OPTIONS EXAMINED


RIM announced a far-reaching strategic review last May under which it was expected to examine all options, from software licensing deals to an outright sale of the company.


After the comments from Lenovo, a RIM spokesman said the company had nothing new to report on its strategic review at this time.


“We continue to examine all available options to create new opportunities, focusing on areas where we will be more effective partnering rather than going it alone, and ultimately maximizing value for all stakeholders,” said RIM spokesman Nick Manning.


The company, once a pioneer in the smartphone industry, has struggled in recent years as its aging line-up of devices lost market share to Apple Inc’s iPhone and devices based on Google Inc’s Android operating system.


RIM hopes its new touch-screen and keyboard devices, powered by its new BlackBerry 10 operating system, will help it claw back market share.


Shares of RIM, which opened lower on Thursday, were up 4 percent at $ 18.07 in morning trading on the Nasdaq, while its Toronto-listed shares were up 3.8 percent at C$ 18.10.


(Reporting by Euan Rocha; Editing by Frank McGurty)


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Wall Street edges up in face of Apple decline


NEW YORK (Reuters) - The Dow and S&P 500 advanced on Thursday, with the benchmark S&P index on track for its first seven-day streak of gains in over six years as solid economic data managed to outweigh a steep decline in Apple shares.


Apple Inc dropped 10.4 percent to $460.69 after the technology giant missed Wall Street's revenue forecast for a third straight quarter as iPhone sales were poorer than expected, lending credence to recent concerns its days as the dominant player in consumer electronics may be on the wane.


The drop wiped out roughly $50 billion in Apple's market capitalization to $432 billion, leaving the company vulnerable to losing its status as the most valuable U.S. company to second place ExxonMobil Corp, at $417 billion.


A trio of economic reports helped buoy the market, with data showing a decline in weekly jobless claims and an increase in manufacturing, while a gauge of future economic activity climbed.


"The claims numbers are clearly a big surprise and were very good numbers - they imply we may have a good employment number for the month of January," said Hugh Johnson, chief investment officer of Hugh Johnson Advisors LLC in Albany, New York.


"You have Apple and technology on the one side and the rest of the market on the other side."


The gains marked the first time the S&P 500 had risen above 1,500 since December 12, 2007 and put the index on pace for its seventh straight advance, its longest streak since October 2006.


The advance for the S&P, and muted declines in the Nasdaq in spite of the decline in Apple, were viewed as a positive sign, as investors take encouragement from an improving global economy and move into stocks more closely tied to economic fortunes, such as industrials.


General Electric rose 0.5 percent to $22.06 and United Parcel Service gained 2.4 percent to $82.30. Of the 10 major S&P sectors, only technology, off 1.5 percent, was lower.


The Dow Jones industrial average gained 58.82 points, or 0.43 percent, to 13,838.15. The Standard & Poor's 500 Index added 1.78 points, or 0.12 percent, to 1,496.59. The Nasdaq Composite Index dropped 14.25 points, or 0.45 percent, to 3,139.42.


The domestic data meshed with those overseas showing growth in Chinese manufacturing accelerated to a two-year high this month and a buoyant Germany took the euro zone economy a step closer to recovery.


Apple's disappointing results drew a round of price-target cuts from brokerages. At least 14 brokerages, including Barclays Capital, Credit Suisse and Deutsche Bank, cut their price target on the stock by $142 on average. Morgan Stanley removed the stock from its 'best ideas' list.


In contrast to Apple, Netflix Inc surprised Wall Street Wednesday with a quarterly profit after the video subscription service added nearly 4 million customers in the U.S. and abroad. Shares surged 37.6 percent to $142.10, its biggest percentage jump ever.


Diversified U.S. manufacturer 3M Co reported a 3.9 percent rise in profit, meeting expectations, on solid growth in sales of its wide array of products, which range from Post-It notes to films used in television screens. The shares slipped 0.2 percent to $99.28.


Corporate earnings have helped drive the recent stock market rally. Thomson Reuters data through early Thursday showed that of the 133 S&P 500 companies that have reported earnings, 66.9 percent have exceeded expectations, above the 65 percent average over the past four quarters.


(Reporting by Chuck Mikolajczak; Editing by Nick Zieminski)



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