BlackBerry shares jump after Bernstein upgrades stock

TORONTO (Reuters) – Shares of BlackBerry rose more than 8 percent in on Monday after Bernstein Research said it was upgrading the stock to “outperform” after last week’s launch of the company’s new line of BlackBerry 10 smartphones.

The brokerage firm, which has not had an “outperform” rating on the stock for more than three years, also lifted its price target to $ 22 from $ 12, saying it has grown much more confident about the success of the smartphones, powered by the new BlackBerry 10 operating system.

Shares of BlackBerry, which is in the process of changing its legal name from Research In Motion, rose 8.9 percent to $ 14.18 in early Nasdaq trading. BlackBerry’s Toronto-listed shares were up 9.1 percent at C$ 14.21 at 10:30 EST.

The stock began trading under the “BBRY” symbol on Nasdaq on Monday and under the “BB” symbol on the Toronto Stock Exchange. The stock used to trade as “RIMM” on the Nasdaq and “RIM” on the TSX.

“We upgrade BlackBerry to outperform today as we believe BB 10 is set for a strong launch,” Bernstein analyst Pierre Ferragu said in a note to clients. “Even if the long-term prospects for the platform are very uncertain, we believe all is in place for BlackBerry 10 to enjoy a great debut.”

BlackBerry, a one-time pioneer in the smartphone industry, has ceded market share in recent years to the likes of Apple’s iPhone, Samsung’s Galaxy line and a slew of devices powered by Google Inc’s market-leading Android operating system.

In a make-or-break move to regain market share and return to profit, BlackBerry introduced its new line of smartphones to much fanfare on Wednesday. However, its stock fell more than 10 percent following the launch as investors were disappointed that the new smartphones will only go on sale in mid-March in the crucial U.S. market.

“The strength of this launch is overlooked by investors, creating strong opportunity to buy BlackBerry,” said Ferragu, adding that he expects strong initial corporate demand for the new devices.

“We believe BlackBerry should trade in the $ 20-$ 25 range once a decent launch for Blackberry 10 and a stabilized trajectory for fiscal year 2014 are priced in,” he said.

BlackBerry unveiled both a touch-screen device and a physical-keyboard device last week. While the traditional keyboard model only goes on sale in April, the touch-screen device is already on sale in the United Kingdom and hits store shelves in Canada this week.

Waterloo, Ontario-based BlackBerry said the U.S. launch was delayed until mid-March because U.S. wireless carriers have a longer testing phase than carriers in other countries. The devices, which are set to retail for C$ 599 ($ 600) in Canada, are currently attracting bids of more than $ 1,000 each on auction site ebay.com.

(Reporting by Euan Rocha; Editing by Lisa Von Ahn; and Peter Galloway)

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Jamie Bamber Monday Mornings Interview

While Monday Mornings showcases cutting edge surgical techniques, TNT's new medical drama is, tonally, a throwback to shows like Chicago Hope and E.R., when stories revolved around the ailing patients, not the banging doctors.

Although it comes as no surprise that Monday Mornings is operating on a higher level once you get a glimpse at the top-notch cast (Jamie Bamber, Alfred Molina, Ving Rhames) and behind-the-scenes crew (created by four-time Peabody Award winner David E. Kelley and based on Sanjay Gupta's book).

According to star Jamie Bamber, centering Monday Mornings around weekly 311 meetings (where doctors gather with their peers for a confidential review of complications and errors in patient care) was one reason he jumped at the chance to join the cast.

ETonline: What attracted you to Monday Mornings?

Jamie Bamber: I knew very early on that I wanted to get involved because of David E. Kelley and the kind of writing he brought to the character in the first episode. Sanjay's book wasn't out yet, so I just had this guy with this god complex who has never had to doubt his own abilities. I mean, what a great way to tee up a character's journey. I had no idea if the show would be procedural or like Battlestar Galactica and go week-to-week, but it was a great role, a great script, a great showrunner with David E. Kelly and I knew these were great ingredients to make a show.

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ETonline: What was the audition process like?

Bamber: I had a great first meeting -- they told me right away that I was their guy, which is a great feeling. You dream of those moments. But they're frustrating as well because it means you're normally NOT the guy [laughs]. So it's a scary thought, but it was me that time. I still had to jump through a couple of hoops, but it was a relatively easy process.

ETonline: I love the idea of setting the show around this 311 Meeting -- what appealed to you about that?

Bamber: This 311 meeting transforms it beyond the medical drama. Now, it becomes a crisis of identify for one of the regulars each week. I mean, they're torn apart by their colleagues in this meeting and for someone who needs to be confident all the time, you can't underestimate the enormity of making them question their own beliefs. It engages every part of you, and that's what David E. Kelley does better than any other writer right now.

ETonline: What kind of preparation did you to accurately play a doctor?

Bamber: I immersed myself in it. I wanted to be authentic. I interviewed as many surgeons as I could, I did the rounds, I did the pre-op and watched an 8-hour craniotomy of the frontal lobe. I was amazed by it -- I went home with a completely different perspective on life. I saw a living brain that will continue to live for years to come as a result of what this doctor did.

RELATED - Katee Sackhoff Reminisces About BSG

ETonline: Actors who play doctors always talk about the difficulties of mastering medical jargon. Was this easier or harder than Battlestar Galactica, where you basically spoke a different language?

Bamber: There were basic tenets of the Battlestar jargon that started to seep into every day live. Like saying "Frak" instead of "F*ck" or saying "Gods" instead of "God." Things like that just became second nature after a while. Beyond that, you have the FTL drives and some gobbledygook, bu it wasn't as tough because, if you said something slightly incorrect, there was no one out there who could recognize it in comparison to what is accurate. Here, there's many more pitfalls because millions of people do actually know the medical jargon. We're not on a parallel planet so it's a bit of work, but I really enjoy it.

ETonline: After the highly serialized Battlestar, you starred on Law & Order: UK, which is the definition of a procedural. Does Monday Mornings feel like the perfect combination of those two?

Bamber: It really does. I understand why big popular global shows, like CSI and House, have to be a bit more stand alone. And David E. Kelley knows that, he's no dummy, but this does have on-going arcs that give us more to play as actors. Yes, we're trying to save the patient every week, but you get a sense of our career trajectory through this 311 meeting as well.

VIDEO - BSG Stars Dissect The Appeal of 'Frak'

ETonline: Are you surprised by the continued passion people have for Battlestar?

Bamber: Not any more. Somewhere around season two Eddie [James Olmos] said that this would be the kind of show people talked about for years, and so far, he's been right. I'm gratified every time someone says to me I've just ruined a week of their life because they can't stop watching the DVD's [laughs]. It's such a great feeling. As an artist, all you want is that thing on the bookshelf where you can say "I contributed" and moved people. That seems to be happening with Battlestar, and I feel very lucky to have achieved that.

Monday Mornings premieres tonight at 10 p.m. on TNT.

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Texas couple rent fancy Manhattan condo to 'revoling door of complete strangers': lawsuit

A Texas couple turned a designer Manhattan condo into a virtual flophouse by renting their unit to transient, hard partying guests, a new lawsuit alleges.

Robert and Marilyn Blodgett, of Houston, have allegedly used 3K "as a vacation rental property,” drawing a “revolving door of complete strangers,” despite repeated cease and desist demands from the condo board of 340 E. 23rd Street, the Manhattan Supreme Court suit states.

The couple owns a vacation website called Luxe VR, which markets high-end properties across the U.S. to travelers for stays of a few days to many weeks.

At least 27 tourists have bedded down in 3K since August 2011, but it was recent guest Malcolm Kee, who sent residents into a tizzy, according to court documents.

Kee, in his mid-twenties, checked in on Jan. 14, allegedly threw three ragging parties, invited friends who threatened and cursed out building staff, and still hasn't checked out, the lawsuit claims.

Attempts to curb Kee's alleged bad behavior have proven unsuccessful. “Much to the horror of the residents of neighboring unit 3L, Kee, his travel companion, or one of his party guests responded in a retaliatory manner by defacing 3L’s doorway with an obscene depiction of male genitalia,” court papers claim.

“It’s amazing to me that you could be in this luxury condo building and pay millions of dollars for your apartment and right next door you have some crazy person,” said the condo board’s attorney, Steven Sladkus.

For $299 a night tourists “can experience living like a real Manhattanite,” a website for the rental boasts, adding that the address is a short walk to “famous restaurants and bars and Third and First Avenue.”

The board of the Gramercy Condominium, by celebrity designer Phillippe Starck, wants to shut down the illegal hotel and unspecified monetary damages.

Sladkus said the practice of renting out units on a short-term basis has proliferated in the past year.

“Unfortunately there’s a big trend lately for people renting out their condo units on a short-term basis,” said Sladkus. The practice “not only violates most building’s bylaws, but also violates the Multiple Dwelling Law that says essentially you can’t have paying guests for less than 30 days.”

Sladkus said the unit’s owners, the Blodgetts, have completely ignored three requests to stop the rentals. The Blodgetts did not immediately return phone and email messages seeking comment.

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Bright spots in Latin America despite global economic uncertainty

There are bright spots as Latin American and Caribbean economies begin the year but the uncertain health of the U.S. economy, the lingering financial crisis in Europe and more sluggish growth in China are casting shadows over the region.

A decade ago, dim prospects in those major markets would have delivered a knock-out punch in the region, but this year Latin American and Caribbean economies are expected to grow by 3.5 percent and average 3.9 percent growth in 2014 and 2015, according to a World Bank forecast. The United Nations’ Economic Commission has a slightly more sanguine forecast of 3.8 percent growth in 2013.

Both are better than the 2.4 percent growth the World Bank is forecasting for the global economy and the mere 1.3 percent increase it is predicting for high-income countries.

The U.S. economy grew by 2.2 percent in 2012. But the economy shrank 0.1 percent in the fourth quarter and the first quarter of 2013 also could be sluggish..

“That creates a soggy start for 2013 in Latin America,’’ said David Malpass, president of Encima Global, a New York economic consulting and research firm.

With a recession in Japan, even slower growth expected in Europe than in the United States, and questions about whether the dip in the Chinese economy has bottomed out and whether the United States will be making sharp cuts in defense spending and other federal programs come March 1, Latin American and Caribbean nations can’t really depend on the industrialized world to spur growth.

The region must look inward and undertake structural reforms that will allow growth from domestic factors, said Malpass, who was in Miami in January for an event organized by the University of Miami’s Center for Hemispheric Policy.

Panama’s $5.25 billion investment in expansion of the Panama Canal is an example of the inward focus that will pay off down the road, said Malpass. By 2015, Panama plans to have completed two new sets of locks on the Atlantic and Pacific sides of the canal and the deepening and widening of existing channels to accommodate the so-called Post-Panamax ships too big to traverse the current locks.

“It’s a difficult period but a period where developing countries are growing solidly but not as quickly as they might otherwise want to,’’ said Andrew Burns, the lead author of the World Bank’s annual Global Economic Trends report.

That means they should focus on investment in infrastructure and healthcare, structural policies, regulatory reforms and improvements in governance that will pay future dividends down the road, Burns said.

Such economic reforms, plus high commodity prices enjoyed by countries with fertile fields and mineral wealth, helped the region move beyond the global financial crisis of 2008 and 2009 far more quickly than it did when it was so dependent on economic cycles in the rest of the world.

Economic growth slowed in Latin America and the Caribbean from 4.3 percent in 2011 to an estimated 3 percent but that was still better than the 1.3 percent growth high-income countries managed in 2012, according to The World Bank.

China will continue to play a major role in Latin America and the Caribbean this year but whether the slowdown in China has reached its low point is subject to debate. But it’s relative. Slow growth in China would be brisk growth elsewhere. China says its gross domestic product grew 7.8 percent in 2012, the most tepid growth in 13 years and a comedown from 9.3 percent growth in 2011.

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Insane City: Read excerpt from Dave Barry’s new book

After a block and a half they came to the Clevelander, a legendary South Beach bar bearing no resemblance to anything that has ever existed in Cleveland. On a small stage next to the packed bar a woman wearing a basically invisible bikini was writhing to inhumanly loud pounding music. Nearby, beneath a sign that said D.J. BOOGA WOOGA was a man wearing black lace-up boots and a purple thong held up by orange suspenders. He was shouting into a microphone: “LAST CALL FOR THE MISS HOT AMATEUR BOD CONTEST! LADIES COME ON UP! FIRST PRIZE IS ONE HUNDRED DOLLARS! COME ON LADIES! LET’S SEE WHAT YOU GOT!”

Standing near the DJ were a dozen young women wearing garments that, if all of them were combined, might have provided enough fabric to make a sock.

“We should stop here,” said Kevin.

“No we shouldn’t,” said Seth. “We need to get to the Ritz.”

“We can’t get to the Ritz,” said Kevin. “Admit it. We tried, and we failed.”

“Plus,” said Marty, “they don’t have Miss Hot Amateur Bod at the Ritz, not to mention D.J. Booga Wooga.”

Seth looked back out at Ocean Drive. Still no taxis.

“Maybe there’s a bus to Key Biscayne,” said Big Steve.

“Shut up, Steve,” said Kevin.

“Come on, Seth,” said Marty. “One drink.”

“OK,” said Seth, dragging his suitcase toward the bar. “One drink.”

* * *

Three hours later, they were on their fifth pitcher of margaritas. The pitchers were $50 apiece, plus a generous tip for Vicki the bartender, with whom Kevin had fallen deeply in love. Kevin was also in love with Cyndi Friend Gonzalez, an outgoing young woman who had finished fourth in the Miss Hot Amateur Bod competition, and who was wearing a dress made from roughly one square inch of some extremely stretchy material. At Kevin’s invitation, Cyndi had joined the Groom Posse at the bar; she had in turn been joined by a friend of hers, a large bald man named Duane.

The posse was not thrilled about Duane, but nobody told him to leave, because in addition to being large, he had an 11-foot Burmese albino python named Blossom draped over his shoulders. Duane made his living collecting tips from tourists who wanted to have their pictures taken with Blossom. He’d been doing this for eight years and considered himself a professional. He also considered himself an ambassador for Miami, and upon learning that Seth was about to get married, he had appointed himself as tour guide.

“This is my town,” he said. “ ¿Se hablo españolo? You need weed? Oxy?”

“I think we’re good,” said Seth.

Duane brandished Blossom. “You want to hold her? No charge for the groom, man.”

“Maybe later,” said Seth, leaning back to avoid Blossom’s flicking tongue.

“Just say the word,” said Duane, pouring Seth and himself another glass from the pitcher, finishing it. Kevin waved to Vicki for another.

The Clevelander was now very crowded and making far more noise than the entire state of Nebraska. The sea-salted night air was warm and sticky and thick with the aromas of spilled beer and cigar smoke and Axe body spray and billowing clouds of do-me perfume worn by women who were not wearing a whole lot else. Seth was staring at one of these women, wondering how she sat down in that dress and hoping she would attempt to do so soon, when he realized that Big Steve was shouting something into his ear, trying to be heard over the all-obliterating boom-boom issuing from the coffin-sized speakers of D.J. Booga Wooga.

“WHAT?” said Seth.

“THE HOTEL!” said Big Steve. He held up his phone so Seth could see the time: 9:30. Seth frowned. He swiveled toward Marty, grabbing the bar to keep from falling off the stool.

“MARTY.”

“WHAT?”

“WE NEED TO GET TO THE HOTEL!”

“WHAT?”

“THE HOTEL!”

Marty frowned deeply for several seconds, processing this concept, then said, “WHAT?”

“Never mind,” said Seth. Realizing it was time to take matters into his own hands, he turned away from Marty and slid smoothly off the stool. He continued sliding smoothly until he found himself on all fours under the bar. He decided to remain that way for a bit, collecting his thoughts.

He’d been down there a while and had yet to collect any when he became vaguely aware of voices shouting above him in the thumping din. He heard his name, and realized that the voices belonged to Marty, Big Steve and Kevin, who, apparently unaware that he was under the bar, were trying to figure out where he was.

“Hey!” said Seth. “Down here!”

They didn’t hear him. Their voices were louder now, and more concerned.

“Hey!” Seth repeated, again going unheard. He thought about attempting to stand up, but at the moment that didn’t seem to be a good idea, or even possible. He decided to collect his thoughts some more and soon fell asleep with his back against the bar.

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Innovative Ways the Autism Community Uses iPads

The iPad has proven to be an especially useful communication tool for young people with autism. It provides a way to express themselves through words and images; it can be used to teach them about everyday scenarios and give them more independence. It’s also far less bulky than some communication devices of the past.

Autism Spectrum Disorders are developmental disabilities that affect about one in every 88 children, and one in 54 boys.

[More from Mashable: 10 Essential Tools for the Lean Web Developer]

Jonathan Izak‘s 12-year-old autistic brother inspired him to develop the AutisMate app for iPad. His brother, Oriel, is mostly nonverbal and used to struggle to communicate, sometimes throwing tantrums when he was unable to get his point across, Izak tells Mashable.

At 7 years old, Oriel had to wear a heavy communication device around his neck, which further set him apart from other children at school. Now, Oriel carries an iPad and uses the app his brother developed to communicate and learn new behaviors like how to act in specific social situations.

[More from Mashable: Tablet Shipments Hit Record Levels While Apple’s Market Share Declines]

With AutisMate, parents or caretakers take and upload photos of their child’s bedroom, the kitchen, his or her school to the app. When the app launches, the iPad’s GPS will know where the user is and allows them to tap pictures of their surrounding environment. The child can tap the refrigerator, for instance, to express that he or she is hungry.

Izak says these visual tools for communication don’t become a permanent crutch but rather promote speech and communication.

It’s not uncommon for children with autism to be nonverbal and need the iPad to communicate. AutismSpeaks.org says it’s estimated that 25% of people with autism are completely nonverbal.

Izak explains that, for someone with autism, the unknowns in life can be scary, so to prepare that person for the world, apps like AutisMate show scenes of how to do everyday things like go to a restaurant or the doctor’s office.

Parents, caretakers and doctors know early intervention with autism is a key factor to increasing their child’s likelihood of communicating, which is probably why most autism apps focus on children. iPad apps to help children with autism develop their communication skills are part of a rapidly growing market and have proved to be effective tools. Check out some of the apps we found and others recommended to us. Let us know if you know of any other useful apps for people with autism.

Click here to view the gallery: Autism Apps

Photo courtesy of iStockphoto, UrsaHoogle

This story originally published on Mashable here.

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Adorable Tots: Celebs and their Cute Kids!

Jessica Simpson

They grow up so fast! Jessica Simpson shared an adorable pic of her daughter Maxwell standing up on Feb. 1, 2013, tweeting: "My lil dollface is 9 months today!"

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Deadly deserts

Ralph Peters

Violence in Allah’s name in northern Africa won’t end in my lifetime — and probably not in yours. The core question is: To what extent can the savagery be contained?

From the Atlantic coastline to the Suez Canal, struggling governments, impoverished populations and frankly backward societies struggle to find paths to modernization and to compete in a ruthless global economy. Religious fanatics for whom progress is a betrayal of faith hope to block development.

Still, if the only conflict was between Islamist terrorists and those who want civilized lives, the situation could be managed over time. But that struggle forms only one level in a layer cake of clashing visions and outright civil wars bedeviling a vast region. Much larger than Europe, the zone of contention encompasses the Maghreb, the countries touching the Mediterranean, and the Sahel, the bitterly poor states stretching down across desert wastes to the African savannah.

AFP/Getty Images

Figthers of the Islamic group Ansar Dine

The Sahel is the front line not only between the world of Islam and Christian-animist cultures in Africa’s heart, but between Arabs and light-skinned tribes in the north, and blacks to the south. No area in the world so explicitly illustrates the late, great Samuel Huntington’s concept of “the clash of civilizations.”

If racial and religious differences were not challenge enough, in the Maghreb the factions and interest groups are still more complicated. We view Egypt as locked in a contest between Islamists and “our guys,” Egyptians seeking new freedoms. But Egypt’s identity struggle is far more complex, involving social liberals, moderate Muslims, stern conservative Muslims (such as the Muslim Brotherhood) and outright fanatics. The military forms another constituency, while the business community defends its selfish interests. Then there are the supporters of the old Mubarak regime, the masses of educated-but-unemployed youth and the bitterly poor peasants.

Atop all that there’s the question of whether the values cherished by Arab societies can adapt to a globalized world.

The path to Egypt’s future will not be smooth — yet Egypt’s chances are better than those of many of its neighbors. Consider a few key countries in the region:

Mali

Viva la France! (Never thought I’d write that in The Post.) Contrary to a lot of media nonsense, the effective French intervention in Mali demonstrates that not every military response to Islamist terror has to become another Afghanistan: The French are welcome.

As extremists invariably do, al Qaeda in the Islamic Maghreb (AQIM) and its allies rapidly alienated their fellow Muslims — after hijacking a local uprising. The local version of Islam is far more humane and tolerant than the Wahhabi cult imposed by Islamist fanatics. To the foreign extremists, the Malian love of Sufi mysticism, ancient shrines and their own centuries of religious scholarship are all hateful — as is the Malian genius for music that’s pleased listeners around the world.

Have a comment on this PostOpinion column? Send it in to LETTERS@NYPOST.COM!

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Hollywood cardiologist’s ties with St. Jude sales rep raises red flags

Mark Sabbota, a Hollywood cardiologist, regularly implants $5,000 pacemakers in patients at Memorial hospitals in South Broward — generating, last year alone, more than a half-million dollars in sales for a manufacturer called St. Jude Medical.

Sabbota, public records show, also happens to be partners with a St. Jude sales rep in two corporations that run frozen yogurt shops.

What’s yogurt got to do with healthcare?

Perhaps nothing. Perhaps a lot. The question is connected to an on-going lobbying battle in Washington over a pending disclosure policy intended to more clearly reveal financial ties between physicians and the healthcare industry — often-murky relationships that have produced a long history of whistle-blower lawsuits, federal investigations and fines.

Sabbota, in a brief interview, adamantly denied any conflict of interest. “There has been no wrongdoing at all,” he said.

Memorial spokeswoman Kerting Baldwin also said the hospital saw no problem with the yogurt arrangement. As a “community” doctor, not a staff employee, Baldwin said Sabbota can select from a list of pacemakers approved by the hospital but has no say over what companies made the list.

“As for why he prefers to use St. Jude, I won’t speak for him,’’ she said. “You’d have to ask him that.”

But several medical ethics experts said such relationships fall in a gray area. They raise what Kenneth Goodman, bioethics director at the University of Miami, called “red flags” about whether the doctor’s motivation in choosing a device “is something other than the best interests of the patient.”

“Maybe it’s just a good business arrangement that has nothing to do with the devices he chooses,” said Charles D. Rosen, a California physician who is co-founder of the Association for Medical Ethics. “But the issue is public disclosure and transparency. You as a patient should have the right to know about a doctor’s financial relationships with companies.”

Concerns about the relationship between doctors and healthcare companies have been simmering for years. Americans are so suspicious of doctors’ connections that, in a 2008 Pew Charitable Trusts survey, 86 percent of patients said doctors should not be allowed to get free dinners from drug makers and 70 percent said doctors shouldn’t even be allowed to get free notepads and pens.

The 2010 Affordable Care Act includes a provision intended to address some aspects of these often-cozy relationships. Starting Jan. 1, healthcare companies were supposed to publicly post how much they were paying doctors. But that provision has been held up in the White House by intense lobbying.

“I don’t know why the hold-up, except the intense opposition of the industry,” Rosen said. His group, including members of the Harvard Medical School and Cleveland Clinic, wrote a letter to the Obama administration last month protesting the delay.

The group complains that the healthcare industry is trying to soften the rules so that foreign subsidiaries and doctors engaged in clinical trials wouldn’t have to reveal payments. But even if the disclosure rules are implemented, a side deal like Sabbota’s yogurt company would not have to be revealed under the new law, Rosen said.

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Police investigating ‘suspicious’ death of elderly woman in Miami home

Police are investigating details surrounding the death of an elderly woman found inside her home near midtown Miami.

Shortly after 4 p.m. Friday, Miami Police officers went to the home of Carmen Diaz, 78, whose adult son decided to visit her after not hearing from her in a few days, according to a news release. When he arrived, he found Diaz dead inside her home of 50 years at 120 NW 34 St.

Miami Police spokeswoman Kenia Reyes said although the death appeared “somewhat suspicious,” the department isn’t releasing details until the county medical examiner determines the cause of death.

WSVN-Channel 7 reported that the adult son found Diaz’s house ransacked and her body wrapped in a blanket in her bathroom.

Police confirmed the house was in disarray, but wouldn’t say if there had been a burglary.

The Miami-Dade County Medical Examiner is currently investigating the scene.

This article will be updated as more information becomes available.

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