Monday, June 17, 2013

New way to improve antibiotic production

June 17, 2013 ? An antibiotic has been found to stimulate its own production. The findings, to be published in PNAS, could make it easier to scale up antibiotic production for commercialisation.

Scientists Dr Emma Sherwood and Professor Mervyn Bibb from the John Innes Centre were able to use their discovery of how the antibiotic is naturally produced to markedly increase the level of production.

"We have shown for the first time that an antibiotic with clinical potential can act as signalling molecule to trigger its own synthesis," said Professor Bibb.

The antibiotic called planosporicin is produced by a soil bacterium called Planomonospora alba. When nutrients become limited, a small amount of the antibiotic is produced. The antibiotic is then able to trigger a mechanism which coordinates its own production throughout the bacterial population resulting in high levels.

"A frequent stumbling block in developing a natural product for commercialisation is being able to provide enough material for clinical trials," said Professor Bibb.

"Our work shows with the right understanding it is possible to increase productivity very dramatically in a targeted and knowledge-based manner."

With knowledge of this signalling mechanism in hand, the scientists were able to increase production by overexpressing two positively acting regulatory genes and deleting one that acts negatively. Planosporicin is similar to the antibiotic NAI-107 that is about to enter clinical trials for Staphylococcus aureus (MRSA) and vancomycin-resistant enterococci (VRE) infections. The knowledge gained from this study is being used to increase NAI-107 production.

Commercial manufacturers of antibiotics may be able to use the results to reduce production times and therefore reduce costs. Bacteria often have to be grown for days and sometimes weeks before they start to make effective amounts of an antibiotic. Sherwood and Bibb were able to trigger production essentially from the beginning of growth.

The work was funded through JIC's core strategic grant from the Biotechnology and Biological Sciences Research Council.

Source: http://feeds.sciencedaily.com/~r/sciencedaily/top_news/top_science/~3/_AqpXED2Qnw/130617160900.htm

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Sunday, June 16, 2013

Facebook Makes The First Big Dent On FISA, Releases Data On All U.S. Government Data Requests

Facebook Through GlassUpdated. As the PRISM scandal shows no signs of dying down in the public consciousness, Facebook has just released the fullest account to date of the requests it has received from United States law enforcement and governmental authorities for the data surrounding its users. To borrow a phrase from local news sizzle reels, the numbers may surprise you. In a report issued today on Facebook’s company blog, general counsel Ted Ullyot wrote: “For the six months ending December 31, 2012, the total number of user-data requests Facebook received from any and all government entities in the U.S. (including local, state, and federal, and including criminal and national security-related requests) ? was between 9,000 and 10,000. These requests run the gamut ? from things like a local sheriff trying to find a missing child, to a federal marshal tracking a fugitive, to a police department investigating an assault, to a national security official investigating a terrorist threat. The total number of Facebook user accounts for which data was requested pursuant to the entirety of those 9-10 thousand requests was between 18,000 and 19,000 accounts. With more than 1.1 billion monthly active users worldwide, this means that a tiny fraction of one percent of our user accounts were the subject of any kind of U.S. state, local, or federal U.S. government request (including criminal and national security-related requests) in the past six months. We hope this helps put into perspective the numbers involved, and lays to rest some of the hyperbolic and false assertions in some recent press accounts about the frequency and scope of the data requests that we receive.” More information can be found here, and we’re updating the story as it develops. UPDATE: Microsoft has followed suit, releasing its own figures on official U.S. data requests including FISA orders in its own blog post shortly following Facebook’s disclosures, writing: “For the six months ended December 31, 2012, Microsoft received between 6,000 and 7,000 criminal and national security warrants, subpoenas and orders affecting between 31,000 and 32,000 consumer accounts from U.S. governmental entities (including local, state and federal).” But at first blush, those numbers may not seem as scary as the initial reports on governmental surveillance of web activity would imply. Though the government under FISA does have the right to request as much information as it would like in the name of national security, it seems that those requests

Source: http://feedproxy.google.com/~r/Techcrunch/~3/cUXVMGHgafg/

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Saturday, June 15, 2013

Disappointing reports help push US stocks down

NEW YORK (AP) ? Disappointing reports about the U.S. economy helped push the stock market lower on Friday.

Concerns that the Federal Reserve could announce plans to cut back its stimulus program next week also weighed on the mood.

Americans' confidence in the economy weakened in June and was lower than economists had estimated, according to the Thomson Reuters/University of Michigan survey out Friday. Another report said factories weren't as busy as expected.

The International Monetary Fund, a global lender, offered no help. The IMF said Friday that U.S. government spending cuts that kicked in March 1 were "ill-designed" and slowed the economy down.

The Standard & Poor's 500 index sank 9.63 points, or 0.6 percent, to 1,626.73. Media company Gannett fell the most, dropping $1.61, or 6 percent, to $24.99.

"There was just no good news today," said Cam Albright, a director at Wilmington Trust Investment Advisors in Wilmington, Del. Add the handful of economic reports out Friday to the anxiety over the Fed's stimulus program, "and you have the recipe for a soft market to finish the week," he said.

The Dow Jones industrial dropped 105.90 points, or 0.7 percent, to 15,070.18. American Express led the Dow lower, losing $2.24, or 3 percent, to $72.97.

Market indexes flitted from slight gains to losses in morning trading, a contrast to the sudden lurches in previous days. All three major indexes lost 1 percent or more this week.

Trading has been volatile since late May as traders try to figure out when the Fed will dial back its aggressive support for the U.S. economy. This week was no different: The Dow slumped a total of 243 points on Tuesday and Wednesday then jumped 180 points Thursday. The blue-chip average has made moves of 100 points or more in seven of the last 10 trading days.

The Fed buys $85 billion in bonds every month as part of a campaign to keep interest rates extremely low. The aim is to encourage borrowing, spending and investing. Some investors worry that long-term interest rates could spike when the Fed pulls back, raising borrowing costs and threatening the economic recovery. Higher yields for government bonds have already started pushing mortgage rates up.

Policymakers at the Fed will start a two-day meeting Tuesday to discuss the central bank's next steps. After the meeting wraps up, the bank will release its policy statement and Fed Chairman Ben Bernanke will hold another press conference.

Scott King, senior fiduciary investment adviser at Unified Trust in Lexington, Ky., said that investors in recent weeks have been influenced more by wondering about what the Fed might do than by the underlying economy.

"You have a number of Fed governors saying the opposite to what Bernanke is saying," King said. "And that's made the markets more jittery."

King said investors were disappointed Friday by the drop in consumer confidence. He described the economy as "plodding along."

"Wage growth continues to be pretty meager, and unemployment continues to be lackluster," King said.

Banks led nine of the 10 industry groups in the S&P 500 lower. Utilities made slight gains. Investors tend to favor these safety plays when they want stable companies that pay steady dividends.

The S&P 500 hit a record high of 1,669 on May 21. The next day, Fed officials said they would consider pulling back on their stimulus program once the economy looks healthy enough. The S&P 500 has lost 2 percent since.

In other Friday trading, the Nasdaq composite index lost 21.81 points, or 0.6 percent, to 3,423.56.

The price of oil rose $1.16 to close at $97.85 a barrel, near its highest level of the year, as traders reacted to news that the U.S. would provide weapons to rebel forces in Syria.

Gold rose $9.80, or 0.7 percent, to $1,387.60 an ounce.

In the market for U.S. government bonds, the yield on the benchmark 10-year Treasury note dipped to 2.13 percent from 2.15 percent late Thursday. The yield reached a 14-month high of 2.29 percent on Tuesday. Expectations that the Fed will pare its bond buying have helped drive the yield up from 1.63 percent on May 3, when it was at its lowest level this year.

Among stocks making big moves:

? Casey's General Stores fell $2.60, or 4 percent, to $60.69. The Iowa-based convenience store reported earnings late Thursday that fell short of what financial analysts had expected.

? Myriad Genetics sank $4.42, or 14 percent, to $27.59. The decline came a day after the Supreme Court gave the diagnostic test maker a partial victory in a patent battle.

? Restoration Hardware jumped $9.51, or 16 percent, to $68.47. The high-end home products chain raised its forecast for full-year earnings late Thursday and announced plans to start two new businesses ? RH Kitchen and Tableware and RH Antiquities ? next year.

____

AP Business Writer Christina Rexrode contributed.

Source: http://news.yahoo.com/disappointing-reports-help-push-us-stocks-down-205656748.html

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Friday, June 14, 2013

Starboard sues Office Depot for not holding annual meeting

By Dhanya Skariachan

NEW YORK (Reuters) - Top Office Depot Inc investor Starboard Value LP sued the second-largest U.S. office supply retailer on Thursday for not holding an annual shareholder meeting to elect directors, an unusual step on the eve of a merger.

The activist investor said in the complaint the company had not held an annual shareholder meeting for 13 months. The complaint was filed with the Court of Chancery in Delaware, where Office Depot is incorporated.

Starboard has nominated six members, including former Home Depot CEO Robert Nardelli, for the 10-member Office Depot board. The investor cited the lack of retail experience among current board members and stressed the need to reconstitute the board whether or not its proposed merger with smaller rival OfficeMax Inc takes place.

"The proposed merger provides no basis for the company to deprive stockholders of their right to meet annually to elect directors," Starboard said in the complaint, dated June 12.

Boca Raton, Florida-based Office Depot revealed plans in February to buy OfficeMax in an all-stock deal worth $937.2 million. They have not yet decided on the combined entity's name, headquarters or CEO.

The companies are awaiting regulatory approval. They will both hold special shareholder meetings separately on July 10 to seek investor approval.

Starboard said it was forced to take the latest action as it did not expect directors to be elected at the special meeting.

Starboard said in its most recent regulatory filing that it held about 42 million shares of Office Depot, or about 15 percent of the company's stock.

Office Depot did not immediately return a call for comment.

(Reporting By Dhanya Skariachan. Editing by Andre Grenon)

Source: http://news.yahoo.com/starboard-sues-office-depot-not-holding-annual-meeting-223134993.html

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