Thursday, February 21, 2013

Cameroon president orders urgent rescue of French

YAOUNDE, Cameroon (AP) ? Military helicopters are searching for a vacationing French family of seven kidnapped in Cameroon, and security around the region is being increased amid tensions over France's role in western Africa.

Cameroonian President Paul Biya ordered tight security measures and urgent steps to free the hostages, who include four children. They were kidnapped by armed gunmen in the country's far north on Tuesday and whisked toward Nigeria. A ministry statement said the Cameroonian government is in contact with Nigerian and French authorities.

Officials suggested the involvement of Boko Haram, one of Nigeria's Islamic extremist sects.

Nigeria's borders were also put on red alert in the hunt for the kidnappers believed to be in the country or heading to the country, said Nigeria's comptroller general of immigration, Rilwan Musa.

"We have already sent alert messages across the northeast borders and all other borders of the nation," he said. "We have told our men to be on the alert. We have given the border posts all the supports they need to tackle them whether in the day or at night."

The kidnapping came as thousands of French troops are deeply involved in a military intervention against Islamic extremists who had taken control of a big part of the West African country of Mali.

French President Francois Hollande, speaking at a Cabinet meeting Wednesday, called it an "odious act" and expressed particular horror that children were involved, according to his government spokeswoman.

Speaking in parliament Wednesday, French Foreign Minister Laurent Fabius said: "We must do the utmost to free our hostages, but nothing would be worse than giving in."

Meanwhile, in France, spokeswoman Agnes Thibault-Lecuivre of the Paris prosecutors office, says it has opened a preliminary investigation into "kidnapping and sequestration by an organized group in relation with a terrorist organization" following the hostage-taking. France's counterterrorism agency DCRI is in charge of the probe, she said Wednesday.

France's BFM TV reported that a French helicopter had left a French military base in Tchad toward northern Cameroon, and two operatives with France's DGSE spy agency have traveled to the region. French military officials declined to comment to the Associated Press about that.

France said Wednesday that there was no proven link between the French operation in Mali and the Cameroon kidnapping. But, speaking on France-2 television, Defense Minister Jean-Yves Le Drian said: "These are groups who adhere to the same fundamentalism and who have the same methods, whether it is in Mali, in Somalia or in Nigeria, who want to create a lawless zone" stretching from the Atlantic across the southern edge of the Sahara to Sudan.

France's government warned French citizens to avoid travel in northern Cameroon after the kidnapping and urged anyone currently there to leave immediately.

French Foreign Ministry spokesman Philippe Lalliot, in an online exchange with reporters Wednesday, said that in northern Cameroon, "There was never a security incident linked to terrorism; Nigerian terrorist groups had never carried out actions in this part of Cameroon."

A Cameroonian government official said military helicopters were being used in the search.

The French gas group GDF Suez identified the captives as an employee working in Yaounde, the Cameroon capital, and his family. French media say the children are between 5 and 12 years old.

Cameroon state television cited government sources in the locality as saying that the three adults have been separated from the four children.

The family was on tour at the Waza National Park in Cameroon's Far-North Region before it was abducted at gunpoint by five gunmen aboard motorbikes, according to paramilitary sources in the area.

A Cameroon government statement late Tuesday night said the hostages were abducted at Sabongari, seven kilometers (four miles) from Dabanga, which flanks Cameroon's frontier with Nigeria. The statement did not say whether the Cameroon government is in contact with the kidnappers.

___

Associated Press reporters Haruna Umar in Maiduguri, Nigeria, and Angela Charlton in Paris contributed to this report.

Source: http://news.yahoo.com/cameroon-president-orders-urgent-rescue-french-084536462.html

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Wednesday, February 20, 2013

Video: 'Metal Gear Rising: Revengeance' is edgy sci-fi

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Tuesday, February 19, 2013

Express Scripts 4Q profit jumps 74 percent

ST. LOUIS (AP) ? Mail-order and online druggist Express Scripts said on Monday its earnings jumped almost 74 percent as more people used generic drugs and it continued to absorb Medco Health Solutions.

Express Scripts Holding Co. acquired Medco last April, making it the largest pharmacy benefits manager by far. It now manages more than a billion prescriptions every year.

The company's outlook for this year also topped Wall Street expectations.

Express Scripts earned $504.1 million, or 61 cents per share, in its fourth quarter, which ended Dec. 31. Its adjusted earnings were $1.05 per share, slightly better than the $1.02 per share expected by analysts polled by FactSet. Revenue more than doubled to $27.41 billion. Analysts predicted $27 billion.

In the fourth quarter a year ago, it earned $290.4 million, or 59 cents per share. Revenue was $12.1 billion.

The company's $29.1 billion acquisition of Medco made it big enough to handle the prescriptions of more than one in three Americans. Revenue and prescription counts have swelled. In the most recent quarter, the number of claims it handled more than doubled to almost 411 million.

Pharmacy benefits managers, or PBMs, run prescription drug plans for employers, insurers and other customers. They process mail-order prescriptions and handle bills for prescriptions filled at retail pharmacies. They also negotiate lower drug prices and make money by reducing costs for health plan sponsors and members.

More people used generic drugs, increasing Express Scripts' profitability. Generics boost pharmacy profits because there's a wider margin between the cost for the pharmacy to purchase the drugs and the reimbursement received.

Chairman and CEO George Paz called 2012 a "monumental year" for the company because of the Medco acquisition and its progress in integrating the two companies.

Moreover, Express Scripts and Walgreen Co., the nation's largest drugstore chain, resumed doing business last September after a split of nearly nine months. Walgreen fills prescriptions for Express Scripts, but the companies stopped doing business after they failed to agree on terms of a new contract.

Shares rose 21 percent to close the year at $54, while the Standard & Poor's 500 index rose about 13 percent.

For all of 2012, it earned $1.31 billion, or $1.76 per share. Revenue for the year doubled to $93.86 billion.

The St. Louis company projected adjusted earnings this year of $4.20 to $4.30 per share. However, it said it doesn't know yet how much it will spend on integrating Medco. Analysts were expecting a profit of $3.73 per share.

Source: http://news.yahoo.com/express-scripts-4q-profit-jumps-74-percent-212647201--finance.html

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Raytheon says aces missile-detection tests in U.S

WASHINGTON | Mon Feb 18, 2013 11:37am EST

WASHINGTON (Reuters) - A Raytheon Co system built into big blimp-like balloons has demonstrated capabilities that could make it easier to detect and track certain enemy ballistic missiles, the company and the U.S. Army's manager of the program said.

System tests in December at White Sands Missile Range, New Mexico, successfully tracked four targets mimicking tactical ballistic missiles in "high-threat" regions, Raytheon is set to announce on Tuesday.

The hardware is known as Joint Land Attack Cruise Missile Defense Elevated Netted Sensor System, or JLENS. It includes a targeting radar and a wide-area surveillance radar with a 360-degree look-around capability that can reach out to 340 miles.

Each radar system flies as high as 10,000 feet with a separate, 74-meter-long aerostat capable of operating aloft for up to 30 days while tethered to mobile moorings.

The bulbous, blimp-like aerostats work in pairs officially estimated to cost about $450 million - though Raytheon has said it can lop a third off of that price.

The December 6-7 tests met all primary and secondary goals, including "launch point estimation, ballistic tracking and discrimination performance," Raytheon, the world's biggest missile-maker, said in a draft press release.

The missiles were tracked during their so-called boost phase, it said, including two that were "ripple-fired" one after the other.

JLENS' "proven capabilities" provide another tool that could help protect U.S. and partner forces from "the growing ballistic missile threat" and other threats, Dean Barten, who manages the program for the Army, said in the release. Barten's statement was confirmed to Reuters by an Army spokesman.

The army is preparing one of its two existing JLENS systems, formally known as an orbit, for a three-year exercise that will tie it into a high-tech shield designed to protect the Washington D.C. area from air attack.

The second existing JLENS system could be sent overseas sooner. The system is designed to provide more time to detect and react to cruise missiles, manned and unmanned aircraft and other threats, compared with ground-based radar.

It also has been demonstrated to be capable of picking out moving vehicles that could be used for attacks, including boats, cars and trucks, according to the Army and to Raytheon.

"We think JLENS is ready for action wherever it may be needed," Mark Rose, Raytheon's JLENS program director, said in a telephone interview.

The program has been scaled back sharply by the government amid Pentagon belt-tightening to help pare trillion-dollar-a-year U.S. deficits.

(Reporting by Jim Wolf; Editing by Bernard Orr)

Source: http://feeds.reuters.com/~r/reuters/scienceNews/~3/U11u2HDGGLQ/us-usa-blimps-raytheon-idUSBRE91H0IO20130218

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Monday, February 18, 2013