Bidding showdown over F&N expected on Jan 21

SINGAPORE: A corporate shoot out over Fraser & Neave is expected on January 21.

The Securities Industry Council (SIC) has said the final time by which TCC Assets or OUE Baytown can revise its offer is 5.30pm on January 21. Each party will either announce any revision to their current takeover bids or walkaway from the deal.

In a statement issued on Tuesday, SIC said that "given that neither TCC nor OUE Baytown has declared its offer final, the council considers that the company's shareholders should be provided with certainty to make their investment decisions in respect of the competing offers."

If either TCC or OUE makes a revised offer on January 21, then an "auction procedure" will kick-in.

TCC Assets on Tuesday extended its S$8.88 per share offer for F&N for the seventh time to January 21, the very same day that rival bidder OUE's offer expires. A consortium led by OUE made a S$9.08 per share bid for F&N in November 2012.

This, after a first bid by Thai tycoon Charoen Sirivadhanabhakdi through his investment assets, TCC and Thai Beverage, in September.

But given that the tug-of-war has been ongoing for several months, some experts said that the Securities Industry Council will not allow for an indefinite period of market uncertainty.

Shares of F&N have been trading above the offers made by TCC Assets and OUE, indicating that shareholders are expecting higher bids.

Fraser & Neave shares ended Tuesday up 0.1 per cent at S$9.70.

-CNA/ac

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The biggest thing in the universe is really, really big

The Milky Way galaxy barely takes up a single pixel in this representation of Huge-LQG.

(Credit:
Roger G. Clowes)

You and I are really, really small. And we're even smaller than we thought we were last month, at least when compared with the size of the largest known item in the universe.

Last week, a team of astronomers based in the U.K. discovered the largest object in all of our observable existence: a celestial structure made up of 73 quasars that is up to 4 billion light years long.

How big is that exactly? Well, it would take tens of thousands of our own Milky Ways -- the big, galactic one, not the one that comes in a wrapper -- to equal the size of Huge-LQG (for Large Quasar Group), as it's become affectionately known.

Feel insignificant yet?

Yes, it does seem like something so inconceivably massive should have been noticed by now, and that's actually the most interesting part of the discovery.

The discovery of an astronomical body so large throws doubt upon one of the basic assumptions of the nature of the universe. That notion, known as the cosmological principle, assumes that the little corner of the universe we're able to observe from this particular rock is a reasonable sample of what the rest of the universe must also be like.

But Huge-LQG turns out to be so huge that it makes up a few percentage points of the observable universe on its own. It's a little bit like if we suddenly discovered a 51st state that consists entirely of a single building the size of Iowa.

So not only are we less than the most insignificant of specks in our universe, we apparently don't know nearly as much about that universe as we thought.

(Via The Atlantic.)

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"Fantastic" New Flying Frog Found—Has Flappy Forearms

Scientists have stumbled across a new species of flying frog—on the ground.

While hiking a lowland forest in 2009, not far from Ho Chi Minh City (map), Vietnam, "we came across a huge green frog, sitting on a log," said Jodi Rowley, an amphibian biologist at the Australian Museum in Sydney and lead author of a new study on the frog.

Rowley later discovered that the 3.5-inch-long (9-centimeter-long) creature is a relatively large new type of flying frog, a group known for its ability to "parachute" from tree to tree thanks to special aerodynamic adaptations, such as webbed feet, Rowley said. (Also see "'Vampire Flying Frog' Found; Tadpoles Have Black Fangs.")

Rowley dubbed the new species Helen's flying frog, in honor of her mother, Helen Rowley, "who has steadfastly supported her only child trekking through the forests of Southeast Asia in search of frogs," according to a statement.

The newfound species—there are 80 types of flying frogs—is also "one of the most flying frogs of the flying frogs," Rowley said, "in that it's got huge hands and feet that are webbed all the way to the toepad."

"Females even have flappy skin on their forearms to glide," added Rowley, who has received funding from the National Geographic Committee on Research and Exploration. (National Geographic News is part of the National Geographic Society.) "The females are larger and heavier than males, so the little extra flaps probably don't make much of a difference," she said.

As Rowley wrote on her blog, "At first it may seem strange that such a fantastic and obvious frog could escape discovery until now—less than 100 kilometers [60 miles] from an urban centre with over nine million people."

Yet these tree dwellers can easily escape notice—they spend most of their time in the canopy, she said.

Flying Frog On the Edge

Even so, Helen's flying frog won't be able to hide from development near Ho Chi Minh City, which may encroach on its existing habitats.

So far, only five individuals have been found in two patches of lowland forest hemmed in by rice paddies in southern Vietnam, Rowley said. The animals can probably tolerate a little bit of disturbance as long as they have large trees and temporary pools, she added.

But lowland forests are among the most threatened habitats in the world, mostly because they're so accessible to people, and thus chosen for logging and development. (Get the facts on deforestation.)

"While Helen's flying frog has only just been discovered by biologists," Rowley wrote, "unfortunately this species, like many others, is under great threat from ongoing habitat loss and degradation."

The new flying frog study was published in December 2012 in the Journal of Herpetology.

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Oprah Describes Intense Armstrong Interview

Oprah Winfrey said today that disgraced cyclist Lance Armstrong came well prepared for their highly anticipated interview, although he "did not come clean in the manner [she] expected."

Winfrey, who discussed the interview on "CBS This Morning" today, said, "We were mesmerized and riveted by some of his answers. I feel that he answered the questions in a way that he was ready. … He certainly had prepared himself for this moment. … He brought it. He really did."

Armstrong had apologized to staffers at the Livestrong Foundation before the Monday interview with Winfrey at a hotel in Austin, Texas, and reportedly admitted to them that he used performance-enhancing drugs throughout his storied career.

Armstrong also confessed to Winfrey to using the drugs, sources have told ABC News. Winfrey said this morning that the entire interview, for which she had prepared 112 questions, was difficult.

"I would say there were a couple of times where he was emotional," she said. "But that doesn't describe the intensity at times."

As for the cyclist's sense of remorse, Winfrey said that will be for viewers to decide.
"I would rather people make their own decisions about whether he was contrite or not," she said.

The interview will air on the OWN network for two nights, starting at 9 p.m. ET Thursday and continuing Friday.

Meanwhile, the federal government is likely to join a whistle-blower lawsuit against Armstrong, originally filed by his former cycling teammate Floyd Landis, sources told ABC News.

The government is seeking to recoup millions of dollars from Armstrong after years of his denying that he used performance-enhancing drugs, the sources said. The U.S. Postal Service, which is an independent agency of the federal government, was a longtime sponsor of Armstrong's racing career.

Joel Saget/AFP/Getty Images

Lance Armstrong Doping Confession: Why Now? Watch Video

Cyclist Lance Armstrong Apologizes to Livestrong Staff for Doping Scandal Watch Video

Lance Armstrong Stripped of Tour de France Titles Watch Video

The deadline for the government's potentially joining in the matter was a likely motivation for Armstrong's interview with Winfrey, sources told ABC News.

The lawsuit remains sealed in federal court.

Armstrong is now talking with authorities about possibly paying back some of the Postal Service sponsorship money, a government source told ABC News Monday.

The deadline for the department to join the case is Thursday, the same day Armstrong's much-anticipated interview with Winfrey is set to air.

Armstrong is also talking to authorities about confessing and naming names, giving up others involved in illegal doping. This could result in a reduction of his lifetime ban, according to a source, if Armstrong provides substantial and meaningful information.

As for the Winfrey interview, it was Armstrong's first since officials stripped him of his world cycling titles in response to doping allegations.

Word of Armstrong's admission comes after a Livestrong official said that Armstrong apologized Monday to the foundation's staff ahead of his interview.

The disgraced cyclist gathered with about 100 Livestrong Foundation staffers at their Austin headquarters for a meeting that included social workers who deal directly with patients as part of the group's mission to support cancer victims.

Armstrong's "sincere and heartfelt apology" generated lots of tears, spokeswoman Katherine McLane said, adding that he "took responsibility" for the trouble he has caused the foundation.

McLane declined to say whether Armstrong's comments included an admission of doping, just that the cyclist wanted the staff to hear from him in person rather than rely on second-hand accounts.

Armstrong then took questions from the staff.

Armstrong's story has never changed. In front of cameras, microphones, fans, sponsors, cancer survivors -- even under oath -- Lance Armstrong hasn't just denied ever using performance enhancing drugs, he has done so in an indignant, even threatening way.

Armstrong, 41, was stripped of his seven Tour de France titles and banned from the sport for life by the U.S. Anti-Doping Agency in October 2012, after allegations that he benefited from years of systematic doping, using banned substances and receiving illicit blood transfusions.

"Lance Armstrong has no place in cycling and he deserves to be forgotten in cycling," Pat McQuaid, the president of the International Cycling Union, said at a news conference in Switzerland announcing the decision. "This is a landmark day for cycling."

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The hologenome: A new view of evolution

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Fast food linked to child asthma: study

PARIS: Children who frequently eat fast food are far more likely to have severe asthma compared to counterparts who tuck into fruit, a large international study published on Monday said.

Researchers asked nearly half a million teenagers aged 13-14 and children aged six and seven about their eating habits and whether in the previous year they had experienced wheezing, eczema or an itchy, blocked nose when they did not have cold or flu.

The questionnaires -- completed by a parent or guardian for the younger children -- were distributed in scores of countries.

It marks the latest phase in a long-running collaborative programme, the International Study of Asthma and Allergies in Childhood (ISAAC), which was launched in 1991.

The investigators filtered out factors that could skew results, such as maternal smoking during pregnancy, sedentary lifestyle and body-mass index, in order to focus purely on diet.

They found that fast food was the only food type that could be clearly linked to asthma severity.

Three or more weekly servings of fast food were associated with a 39-per cent increase in the risk of severe asthma among teens and a 27-per cent increase among younger children.

It also added to the risk of eczema and severe rhinitis.

In contrast, eating three or more weekly portions of fruit led to a reduction in symptom severity of between 11 and 14 per cent, respectively.

The study, which appears in the British Medical Association journal Thorax, noted that to prove an association is not to prove a cause -- but argued that a further inquiry was clearly needed.

"If the associations (are) causal, then the findings have major public health significance, owing to the rising consumption of fast foods globally," the authors said.

Previous research has found that the saturated and "trans" fatty acids trigger an inflammatory response from the immune system, the paper noted.

- AFP/xq

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Samsung: We've sold 100 million Galaxy S smartphones

Samsung's Galaxy S series smartphones have crossed the threshold of 100 million sales.

According to Samsung's Tomorrow Flickr page, its flagship Galaxy S series has managed to surpass that mark in 2 years and 7 months since the launch of the first Galaxy smartphone in May 2010.

In addition, the firm says that the Galaxy S3 is selling "at [a] much faster rate," smashing through the 1 million barrier in 50 days. Sales of the flagship Galaxy S3 reached 30 million units in 5 months, and 40 million in 7 months, with average daily sales of about 190,000 units. The Galaxy S2 is described as a steady bet after recording sales of over 40 million in 20 months.

Samsung calls the Galaxy series "the driving force" behind the electronics maker's "rise to the top" in the global smartphone market. The firm has estimated that overall sales will reach 56 trillion won ($52.6 billion) in its fourth-quarter results, to be announced on January 25.

It is undeniable that the Galaxy series is popular. According to new research, a number of the younger generation -- Generation Y, if you will -- are branding Samsung phones "cool" in comparison to Apple's offerings. If Samsung products are the ones to own these days, then the recently announced Galaxy S2 Plus, complete with
Android's Jelly Bean operating system, might be the next model in line to surpass the company's sales records.

This news follows a number of announcements made by the South Korean company at the Consumer Electronics Show in Las Vegas last week, including Youm flexible displays and a new eight-core processor for mobile devices.

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Pictures: Civil War Shipwreck Revealed by Sonar

Photograph by Jesse Cancelmo

A fishing net, likely only decades old, drapes over machinery that once connected the Hatteras' pistons to its paddle wheels, said Delgado.

From archived documents, the NOAA archaeologist learned that Blake, the ship's commander, surrendered as his ship was sinking. "It was listing to port, [or the left]," Delgado said. The Alabama took the wounded and the rest of the crew and put them in irons.

The officers were allowed to keep their swords and wander the deck as long as they promised not to lead an uprising against the Alabama's crew, he added.

From there, the Alabama dropped off their captives in Jamaica, leaving them to make their own way back to the U.S.

Delgado wants to dig even further into the crew of the Hatteras. He'd like see if members of the public recognize any of the names on his list of crew members and can give him background on the men.

"That's why I do archaeology," he said.

(Read about other Civil War battlefields in National Geographic magazine.)

Published January 11, 2013

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Golden Globe Moments: A Night of Laughs, Surprises

Let's finally bury this idea that women can't be funny once and for all. Fey and Poehler were undeniably hilarious throughout the Globes, so much so that many fans on Twitter demanded more of them during the ceremony. From their opening bit -- Poehler: "Meryl Streep is not here tonight, she has the flu. And I hear she's amazing in it." -- to their pseudo drunk heckling of best TV comedy actress winner Lena Dunham, they were radiant, energetic, and above all, funny. More please.

Foster made her acceptance of the Cecil B. DeMille lifetime achievement award a coming out, of sorts. She first shocked the audience by leading them to think that she was about to make a huge public statement about her sexuality. Instead, she said she was single, adding "I already did my coming out in the stone age."

"Now, apparently, I'm told that every celebrity is expected to honor the details of their private life with a press conference ... You guys might be surprised, but I'm not Honey Boo Boo child," she said, to a flurry of laughter and applause.

"If you had been a public figure from the time that you were a toddler ... then maybe you too might value privacy above all else," she said. "Privacy."

But Foster did specifically thank her ex-partner Cydney Bernard, with whom she has two kids. Both boys gestured to her from the audience.

She also implied that she was retiring from acting when she said she would not be returning to the Globes stage or any stage. "It's just that from now on, I may be holding a different talking stick," Foster said, bringing many in the audience to tears.

But backstage, Foster clarified to reporters that she was not retiring from acting. "Oh that's so funny," she responded to reporters. "You couldn't drag me away. And I'd like to be directing tomorrow."

It takes a lot to make Hollywood star struck. Bill Clinton did it when he strutted on stage to introduce a clip of "Lincoln," which was up for best drama. He brought the crowd of A-listers to its feet and commended the 16th president. "We're all here tonight because he did it," he said of Lincoln's battle to end slavery.

If there was any doubt that Lena Dunham wasn't Hollywood's next big thing, it was obliterated Sunday night. The star and creator of HBO's "Girls" went home with two awards, best actress in a TV comedy and best TV comedy. Her heartfelt acceptance speech for best actress struck a chord: "This award is for everyone who feels like there wasn't a place for her," she said. "This show made a space for me."

Jessica Chastain won the Globe for best actress in a drama for "Zero Dark Thirty." She offered a moving tribute to director Kathryn Bigelow, the first woman to win a best director Oscar who failed to get a nomination for that award this year, though "ZDT" was up for a slew of other awards, including best picture. "I can't help but compare my character of Maya to you," Chastain said to Bigelow. "When you make a film that allows your character to disobey the conventions of Hollywood, you've done more for women in cinema than you take credit for."

Blame it on nerves, the spirit of spontaneity, or the a-a-a-a-alcohol (apologies to Jamie Foxx), but Jennifer Lawrence's acceptance speech was a tad insulting to a Hollywood icon, if totally hilarious. "Oh what does it say?" she asked, looking at her trophy. "I beat Meryl." She meant Meryl Streep, who was also up for the award.

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Video games take off as a spectator sport

Editorial: "Give video games a sporting chance"

EVERY sport has its idols and superstars. Now video gaming is getting them too. Professional gaming, or e-sports, exploded in popularity in the US and Europe last year.

The scene has been big in Asia - particularly South Korea - for about a decade, with top players such as Lim Yo-Hwan earning six-figure salaries and competing for rock-star glory in Starcraft tournaments that attract audiences in the hundreds of thousands.

The phenomenon is taking off in the West partly because of improved video-streaming technology and large financial rewards. Video games are becoming a spectator sport, with certain players and commentators drawing massive online audiences.

And where people go, money follows. The second world championship of League of Legends - a team-based game in which players defend respective corners of a fantasy-themed battle arena - was held in Los Angeles in October. The tournament had a prize pool of $5 million for the season, with $1 million going to winning team Taipei Assassins, the largest cash prize in the history of e-sports.

League of Legends has also set records for spectator numbers. More than 8 million people watched the championship finals either online or on TV - a figure that dwarfs audience numbers for broadcasts of many traditional sports fixtures.

But gamers don't need to compete at the international level to earn money. Video-streaming software like Twitch makes it easy for players to send live footage to a website, where the more popular ones can attract upwards of 10,000 viewers - enough for some to make a living by having adverts in their video streams. Gamers can go pro without leaving their homes.

Currently, e-sports productions are handled by gaming leagues - but that could soon change. Last November saw two moves that will make it even easier to reach a global online audience. First, Twitch announced it would be integrating with Electronic Arts's Origin service, a widely used gaming platform. This would let gamers stream their play at the click of a button, making it easy for people around the world to watch.

Also in November came the latest release from one of gaming's biggest franchises, Call of Duty: Black Ops 2, which has the ability to live-stream via YouTube built into the game itself. Another feature allows the broadcast of in-game commentary for multiplayer matches.

"I think we will reach a point, maybe within five years, where spectator features are a necessity for all big game releases," says Corin Cole of e-sports publishing company Heaven Media in Huntingdon, UK.

David Ting founded the California-based IGN Pro League (IPL), which hosts professional tournaments. He puts the popularity of e-sports down to the demand for new forms of online entertainment. "After 18 months, IPL's viewer numbers are already comparable to college sports in the US when there's a live event," he says. "The traffic is doubling every six months."

Ting sees motion detection, virtual reality and mobile gaming coming together to make physical exertion a more common aspect of video games, blurring the line between traditional sport and e-sports. "Angry Birds could be this century's bowling," says Ting.

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