Black Friday shopping gets an early start in Chicago









After dinner at a Maggiano's restaurant, the Tannehill/Schroeder clan headed over to Sears at Woodfield Mall in search of a 50-inch flat-screen TV for less than $300.

After 10 minutes of waiting in line, they breezed into the store. That's when Terri Schroeder, of Chicago, began to yell. "Hurry, grab a TV," she said to her sister-in-law, Margie Tannehill, of West Chicago. Both women laughed.

As it turns out, the family of eight waited in the wrong line at the wrong door at Sears. Vouchers for the 50-inch TV and other discounted "door-busters" were given out at another entrance, and they missed their chance to snag the coveted TV.

After making their way through the swarming crowd, they found another TV, and both women grabbed it. They settled on a smaller, less expensive 32-inch flat-screen set that at $250 was on sale but not a door-buster that had throngs of shoppers waiting in line at Sears since Thursday afternoon.

"This is not the one we wanted, but we're keeping it," Schroeder said with a giggle.

She joined throngs of shoppers who cut off Thanksgiving celebrations to turn their attention to preparing for the December holiday season, which typically accounts for up to 40 percent of retailers' sales.

Black Friday historically launched the day after Thanksgiving. But in recent years, stores have opened at 4 a.m., then midnight. Last year, retailers created a stir by opening at 10 p.m. Thursday. This year, Wal-Mart upped the ante when it announced plans to open at 8 p.m.

Taryan Sanders and Maurice Boston, both 25, were among those hanging out at the Wal-Mart in Humboldt Park, waiting for the 8 p.m. round of door-busters.

With a cart already filled with playthings like a Monster High doll, toy puppy and scooter (they'd been at the store since 4 p.m.), the couple stationed themselves near a pallet of Nerf gun sets that would go on sale for $10 each, items they eyed for Sanders' younger brothers.

"Gotta get the door-busters for my daughter and two brothers," Sanders said. "I already ate, and I'm out ready to get my shop on!"

This year, holiday spending is expected to rise 4.1 percent, according to the National Retail Federation. Last year, more than 24 percent of Black Friday shoppers were out before midnight, and nearly 39 percent of shoppers were in the stores before 5 a.m.

A recent survey from the consulting firm Deloitte shows that Chicago-area consumers plan to spend about 10 percent more on gifts this year, shelling out an average of $450. Most also expect the national economy to pick up in 2013 — their most positive outlook since 2009.

Beyond early Thanksgiving openings, retailers have also vied to outdo one another by offering Black Friday-esque discounts — in stores and online — nearly a week early.

"First blood is everything," said Wendy Liebmann, CEO and chief shopper at WSL Strategic Retail, a New York-based consumer behavior research firm. "This is really the first year where we've seen a vast majority of retailers decide that Thanksgiving Day is no longer sacrosanct."

Retailers are pulling out all the stops, from offering gift cards as incentives to shoppers who buy higher-priced items to touting deeper-than-ever discounts on popular items such as televisions and tablets. They'll send coupons to shoppers' phones, and many will promise to match rivals' prices.

"The earlier you can get people to open their wallets, the better," Liebmann said. "The uncertainty of life is such that you don't know what people will spend throughout the (holiday) season. So get 'em when you can."

With Black Friday bleeding into Thursday, the type of shopper prowling for good deals was expected to change, industry watchers said.

Mothers and families typically hit the stores Friday. But this year, retail watchers say men were expected to make a strong showing Thursday night. Big-spending millennials might also be inclined to soak up the partylike atmosphere.

The earlier hours open a window to "appeal to a wider array of customers," said Ben Arnold, director of industry analysis at the Port Washington, N.Y.-based research firm NPD Group.

Some things stay the same, though. As in years past, shoppers are angling to get more bang for their buck. Flat-screen TVs have always been big Black Friday sellers, but this year, they are expected to be larger and cheaper. TVs and laptops, annual best-sellers, are expected to hit a new price low, experts say.

Wal-Mart greeted Thursday night shoppers with deeply discounted TVs, video game consoles and Blu-ray players. At Sears, shoppers were met with on-sale tablet computers, washer and dryer sets, refrigerators and more TVs, among other items.

To prepare for the crowds, retailers have bolstered employee ranks and stepped up training. They have also staggered door-buster deals.

Toys R Us, which opened at 8 p.m. Thursday, distributed tickets to shoppers lined up for door-buster deals such as a 16-gigabyte iPod accompanied by $50 in gift cards, to avoid a "mad rush," CEO Jerry Storch told the Tribune in an interview. "It de-stresses the crowd," he said.

At electronics seller Best Buy, which opened at midnight, store managers have been giving staff crash courses in customer service and product knowledge, said Mitchell Zelasko, sales manager at the retailer's Bucktown location. The chain has hired more than 20,000 employees nationwide for its stores, distribution centers and customer service centers to support the holiday rush.

Locally, Best Buy planned to boost security for the shopping kickoff Friday, keep employees well-fed and in the store by ordering food and bringing in off-duty Chicago police officers to help keep order.

"Things can change very quickly in a mob situation," Zelasko said. "We keep things under control and we keep it fun."

Cheryl V. Jackson is a freelance writer.

crshropshire@tribune.com | Twitter @corilyns

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Brady, high-scoring Patriots embarrass Jets 49-19

EAST RUTHERFORD, N.J. (AP) — Tom Brady and the New England Patriots put this game — and the New York Jets' ugly season — away early.

At least it was competitive for a quarter. By halftime, it was a big-time laugher.

Brady threw three touchdown passes and ran for a score as the Patriots thoroughly embarrassed the Jets with a 35-point second quarter in a 49-19 victory Thursday night.

After a scoreless opening quarter, the Patriots (8-3) went on a touchdown spree despite holding the ball for only 2:14 as they took advantage of several mistakes by Rex Ryan's hapless Jets (4-7). Their 35 second-quarter points tied for the fourth-most in a quarter in NFL history.

"I was unfortunately on the other side of that in a Pro Bowl where they scored on a fumble, then an interception," Patriots coach Bill Belichick said. "It doesn't take a lot to score like that, defensive touchdowns, special teams, they can add up in a hurry. Nothing surprises me in the NFL."

Fans were chanting for Tim Tebow to play before the second quarter of this Thanksgiving showdown was over, and booing as the team left the MetLife Stadium field at halftime.

"Shoot, I don't blame them for booing," Ryan said.

New England, which beat Indianapolis 59-24 on Sunday, scored four touchdowns in just over 6 minutes — including three in a jaw-dropping 52-second span — helping Belichick become the eighth coach in NFL history with 200 career victories, including the playoffs.

Julian Edelman returned a fumble for a touchdown and caught a 56-yard pass for a score before leaving with a head injury. Wes Welker and Shane Vereen had touchdown catches, Steve Gregory returned a fumble for a score, and Stevan Ridley ran for a touchdown.

The Patriots improved to 19-0 in the second half of the season since 2010. They were 8-0 that year and last year, and are 3-0 this season after the midway point.

"It all happened so fast," Patriots linebacker Jerod Mayo said. "I've never been part of anything like that, but I'm glad that we were on the right side of it."

Meanwhile, the Jets allowed their most points since giving up 52 to Miami in the 1995 season opener, and will likely have to win their remaining five games to even have an outside chance at the postseason.

"Discouraged? Of course," Ryan said. "I'll put it to you this way: We're about as wounded as you possibly can be, but we're not dead."

New England was without star tight end Rob Gronkowski, out a few weeks after breaking his left forearm in the win Sunday against Indianapolis. They didn't need him — not with the Jets fumbling and bumbling around.

Brady finished 18 of 28 for 323 yards before leaving with 2 minutes left in the game. He reached 3,000 yards passing for the 10th time, becoming one of six players to accomplish the feat. He also passed Dan Fouts for 10th place on the career passing list.

Tight end Aaron Hernandez returned after missing three games with a sprained ankle and had two catches for 36 yards.

New York's Mark Sanchez was 26 of 36 for 301 yards with a touchdown and an interception. Tebow didn't play at all — revealing after the game that he has two broken ribs — and stood on the sideline with a cap on throughout despite the occasional chants for him to get some snaps.

It looked as though this one might be a close one as both teams missed opportunities to score in the opening quarter, including Stephen Gostkowski going wide left on a 39-yard field goal attempt for New England. The Jets were hoping to boost their playoff hopes and keep some momentum going after a 27-13 victory at St. Louis last Sunday that snapped a three-game skid.

But this one got ugly in a hurry.

"That was crazy," Sanchez said. "I've never seen anything like that. This is a team you can't turn the ball over against because they make you pay. That was a great display of that today."

The Patriots jumped on a poor decision by Sanchez, who ruined a nice drive by keying in on Jeremy Kerley on second-and-6 from the 23. Gregory read the play the whole way for an easy interception.

Brady then led the Patriots on a 15-play, 84-yard drive that was capped by Welker's 3-yard touchdown catch on the first play of the second quarter.

New England was helped by a questionable neutral-zone infraction by Muhammad Wilkerson on third-and-4 from the Jets 49, and a facemask penalty on Ellis Lankster on second-and-10 from the 32 that gave the Patriots the ball at the 9.

The Jets made another costly mistake on their next possession when Shonn Greene fumbled on fourth-and-inches from the Patriots 31 and Gregory recovered.

Brady threw a swing pass on first down to Vereen, who zipped down the left sideline untouched for an 83-yard touchdown that made it 14-0 with 9:43 remaining in the opening half.

The Patriots were back in the end zone moments later when Sanchez fumbled on second down as he fell when right guard Brandon Moore's backside slammed into him. Gregory picked up the ball and ran it 32 yards for a score to put New England up 21-0.

And, the Patriots weren't done.

Joe McKnight, one of the league's top returners, fumbled the ensuing kickoff on a hit by Devin McCourty. Edelman picked up the ball and scooted 22 yards for yet another score.

"That was quick," Patriots defensive end Rob Ninkovich said. "They were some of the quickest scores I've ever seen on any level. As a defense, that's a good sign, when we're putting good pressure on the ball. It then means something when the offense capitalizes on the mistakes we caused."

Edelman caught a 56-yard pass from Brady to make it 35-0 with 3:08 left in the first half. The receiver left the game early in the third quarter on a helmet-to-helmet hit by LaRon Landry on an end-around during which he fumbled.

Jets wide receiver Clyde Gates also left the game with a head injury in the second quarter after a hard hit from Kyle Arrington.

Nick Folk kicked a 32-yard field goal with 2 seconds left in the half — and a single firework popped above the stadium.

Ridley was called for a chop block in the end zone midway through the third quarter, giving the Jets a safety. Bilal Powell had a 4-yard touchdown run, his third in two games, to make it 35-12 late in the period.

Brady's 1-yard run early in the fourth quarter gave the Patriots a 42-12 lead, and Ridley scored on a 9-yard run less than a minute later.

Dustin Keller caught a 1-yard scoring toss from Sanchez with just over 2 minutes left — long after most of the stadium had emptied.

___

Online: http://pro32.ap.org/poll and http://twitter.com/AP_NFL

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Ex-’Price is Right’ model gets $8.5M in damages
















LOS ANGELES (AP) — The producers of “The Price is Right” owe a former model on the show more than $ 7.7 million in punitive damages for discriminating against her after a pregnancy, a jury determined Wednesday.


The judgment came one day after the panel determined the game show’s producers discriminated against Brandi Cochran. They awarded her nearly $ 777,000 in actual damages.













Cochran, 41, said she was rejected when she tried to return to work in early 2010 after taking maternity leave. The jury agreed and determined that FremantleMedia North America and The Price is Right Productions owed her more than $ 8.5 million in all.


“I’m humbled. I’m shocked,” Cochran said after the jury announced its verdict. “I’m happy that justice was served today not only for women in the entertainment industry, but women in the workplace.”


FremantleMedia said it was standing by its previous statement, which said it expected to be “fully vindicated” after an appeal.


“We believe the verdict in this case was the result of a flawed process in which the court, among other things, refused to allow the jury to hear and consider that 40 percent of our models have been pregnant,” and further “important” evidence, FremantleMedia said.


In their defense, producers said they were satisfied with the five models working on the show at the time Cochran sought to return.


Several other former models have sued the series and its longtime host, Bob Barker, who retired in 2007.


Most of the cases involving “Barker’s Beauties” — the nickname given the gown-wearing women who presented prizes to contestants — ended with out-of-court settlements.


Comedian-actor Drew Carey followed Barker as the show’s host.


___


Anthony McCartney can be reached at http://twitter.com/mccartneyAP .


Entertainment News Headlines – Yahoo! News



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AP PHOTOS: Simple surgery heals blind Indonesians

PADANG SIDEMPUAN, Indonesia (AP) — They came from the remotest parts of Indonesia, taking crowded overnight ferries and riding for hours in cars or buses — all in the hope that a simple, and free, surgical procedure would restore their eyesight.

Many patients were elderly and needed help to reach two hospitals in Sumatra where mass eye camps were held earlier this month by Nepalese surgeon Dr. Sanduk Ruit. During eight days, more than 1,400 cataracts were removed.

The patients camped out, sleeping side-by-side on military cots, eating donated food while fire trucks supplied water for showers and toilets. Many who had given up hope of seeing again left smiling after their bandages were removed.

"I've been blind for three years, and it's really bad," said Arlita Tobing, 65, whose sight was restored after the surgery. "I worked on someone's farm, but I couldn't work anymore."

Indonesia has one of the highest rates of blindness in the world, making it a target country for Ruit who travels throughout the developing world holding free mass eye camps while training doctors to perform the simple, stitch-free procedure he pioneered. He often visits hard-to-reach remote areas where health care is scarce and patients are poor. He believes that by teaching doctors how to perform his method of cataract removal, the rate of blindness can be reduced worldwide.

Cataracts are the leading cause of blindness globally, affecting about 20 million people who mostly live in poor countries, according to the World Health Organization.

"We get only one life, and that life is very short. I am blessed by God to have this opportunity," said Ruit, who runs the Tilganga Eye Center in Katmandu, Nepal. "The most important of that is training, taking the idea to other people."

During the recent camps, Ruit trained six doctors from Indonesia, Thailand and Singapore.

Here, in images, are scenes from the mobile eye camps:

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Halle Berry's ex arrested after fight at her house

LOS ANGELES (AP) — Halle Berry's ex-boyfriend Gabriel Aubry was arrested for investigation of battery Thursday after he and the Oscar-winning actress's current boyfriend got into a fight at her Hollywood Hills home, police said.

Aubry, 37, was booked for investigation of a battery, a misdemeanor, and released on $20,000 bail, according to online jail records. He's scheduled to appear in court Dec. 13.

Aubry came to Berry's house Thanksgiving morning and police responded to a report of an assault, said Los Angeles Police Officer Julie Boyer. Aubry was injured in the altercation and was taken to a hospital where he was treated and released.

Emails sent to Berry's publicist, Meredith O'Sullivan, and Aubry's family law attorney, Gary Fishbein, were not immediately returned.

Berry and Aubry have been involved in a custody dispute involving their 4-year-old daughter, Nahla. The proceedings were sealed because the former couple are not married. Both appeared in the case as recently as Nov. 9, but neither side commented on the outcome of the hearing.

Berry has been dating French actor Olivier Martinez, and he said earlier this year that they are engaged.

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Chicago shopping frenzy gets early start









After dinner at a Maggiano's restaurant, the Tannehill/Schroeder clan headed over to Sears at Woodfield Mall in search of a 50-inch flat-screen TV for less than $300.

After 10 minutes of waiting in line, they breezed into the store. That's when Terri Schroeder, of Chicago, began to yell. "Hurry, grab a TV," she said to her sister-in-law, Margie Tannehill, of West Chicago. Both women laughed.

As it turns out, the family of eight waited in the wrong line at the wrong door at Sears. Vouchers for the 50-inch TV and other discounted "door-busters" were given out at another entrance, and they missed their chance to snag the coveted TV.

After making their way through the swarming crowd, they found another TV, and both women grabbed it. They settled on a smaller, less expensive 32-inch flat-screen set that at $250 was on sale but not a door-buster that had throngs of shoppers waiting in line at Sears since Thursday afternoon.

"This is not the one we wanted, but we're keeping it," Schroeder said with a giggle.

She joined throngs of shoppers who cut off Thanksgiving celebrations to turn their attention to preparing for the December holiday season, which typically accounts for up to 40 percent of retailers' sales.

Black Friday historically launched the day after Thanksgiving. But in recent years, stores have opened at 4 a.m., then midnight. Last year, retailers created a stir by opening at 10 p.m. Thursday. This year, Wal-Mart upped the ante when it announced plans to open at 8 p.m.

Taryan Sanders and Maurice Boston, both 25, were among those hanging out at the Wal-Mart in Humboldt Park, waiting for the 8 p.m. round of door-busters.

With a cart already filled with playthings like a Monster High doll, toy puppy and scooter (they'd been at the store since 4 p.m.), the couple stationed themselves near a pallet of Nerf gun sets that would go on sale for $10 each, items they eyed for Sanders' younger brothers.

"Gotta get the door-busters for my daughter and two brothers," Sanders said. "I already ate, and I'm out ready to get my shop on!"

This year, holiday spending is expected to rise 4.1 percent, according to the National Retail Federation. Last year, more than 24 percent of Black Friday shoppers were out before midnight, and nearly 39 percent of shoppers were in the stores before 5 a.m.

A recent survey from the consulting firm Deloitte shows that Chicago-area consumers plan to spend about 10 percent more on gifts this year, shelling out an average of $450. Most also expect the national economy to pick up in 2013 — their most positive outlook since 2009.

Beyond early Thanksgiving openings, retailers have also vied to outdo one another by offering Black Friday-esque discounts — in stores and online — nearly a week early.

"First blood is everything," said Wendy Liebmann, CEO and chief shopper at WSL Strategic Retail, a New York-based consumer behavior research firm. "This is really the first year where we've seen a vast majority of retailers decide that Thanksgiving Day is no longer sacrosanct."

Retailers are pulling out all the stops, from offering gift cards as incentives to shoppers who buy higher-priced items to touting deeper-than-ever discounts on popular items such as televisions and tablets. They'll send coupons to shoppers' phones, and many will promise to match rivals' prices.

"The earlier you can get people to open their wallets, the better," Liebmann said. "The uncertainty of life is such that you don't know what people will spend throughout the (holiday) season. So get 'em when you can."

With Black Friday bleeding into Thursday, the type of shopper prowling for good deals was expected to change, industry watchers said.

Mothers and families typically hit the stores Friday. But this year, retail watchers say men were expected to make a strong showing Thursday night. Big-spending millennials might also be inclined to soak up the partylike atmosphere.

The earlier hours open a window to "appeal to a wider array of customers," said Ben Arnold, director of industry analysis at the Port Washington, N.Y.-based research firm NPD Group.

Some things stay the same, though. As in years past, shoppers are angling to get more bang for their buck. Flat-screen TVs have always been big Black Friday sellers, but this year, they are expected to be larger and cheaper. TVs and laptops, annual best-sellers, are expected to hit a new price low, experts say.

Wal-Mart greeted Thursday night shoppers with deeply discounted TVs, video game consoles and Blu-ray players. At Sears, shoppers were met with on-sale tablet computers, washer and dryer sets, refrigerators and more TVs, among other items.

To prepare for the crowds, retailers have bolstered employee ranks and stepped up training. They have also staggered door-buster deals.

Toys R Us, which opened at 8 p.m. Thursday, distributed tickets to shoppers lined up for door-buster deals such as a 16-gigabyte iPod accompanied by $50 in gift cards, to avoid a "mad rush," CEO Jerry Storch told the Tribune in an interview. "It de-stresses the crowd," he said.

At electronics seller Best Buy, which opened at midnight, store managers have been giving staff crash courses in customer service and product knowledge, said Mitchell Zelasko, sales manager at the retailer's Bucktown location. The chain has hired more than 20,000 employees nationwide for its stores, distribution centers and customer service centers to support the holiday rush.

Locally, Best Buy planned to boost security for the shopping kickoff Friday, keep employees well-fed and in the store by ordering food and bringing in off-duty Chicago police officers to help keep order.

"Things can change very quickly in a mob situation," Zelasko said. "We keep things under control and we keep it fun."

Cheryl V. Jackson is a freelance writer.

crshropshire@tribune.com | Twitter @corilyns

Read More..

Jesse Jackson Jr. resigns from Congress, acknowledges federal probe

Chicago Tribune reporter Rick Pearson discusses the resignation of Rep. Jesse Jackson Jr. (D-Ill.). (Posted on: Nov. 21, 2012.)









Rep. Jesse Jackson Jr., the ambitious political heir to a powerful Chicago family whose once promising future collapsed amid federal ethics investigations and a diagnosis of mental illness, resigned Wednesday from the South Side congressional seat he held for 17 years.


Jackson's downfall represents perhaps the last major political casualty in the long-running corruption scandal that sent former Gov. Rod Blagojevich to prison in March on charges he tried to sell the Senate seat of President Barack Obama.


Jackson's political star was on the rise until allegations surfaced in late 2008 that his supporters offered to raise as much as $6 million for Blagojevich in return for the governor appointing him to the Senate seat vacated by the president-elect. Though Jackson was never charged in that case, a House ethics panel investigation into his actions was ultimately eclipsed by a federal criminal probe based in Washington, D.C., into alleged misuse of campaign dollars.








Jackson's resignation letter to House Speaker John Boehner, R-Ohio, was Jackson's first acknowledgment of the ongoing federal corruption investigation.


"I am doing my best to address the situation responsibly, cooperate with the investigators, and accept responsibility for my mistakes, for they are my mistakes and mine alone," Jackson said in the two-page letter. "None of us is immune from our share of shortcomings or human frailties, and I pray that I will be remembered for what I did right."


Jackson's Washington legal team, which recently added former federal prosecutor Dan Webb, a Chicago partner at Winston & Strawn LLP, indicated that while Jackson's political fate has been settled, there's more to come in a court of law.


"We hope to negotiate a fair resolution of the matter but the process could take several months," they said in the statement.


Despite admitting "my share of mistakes," Jackson said his deteriorating health — and treatment for bipolar depression — kept him from serving as a "full-time legislator" and was the reason for his resignation.


Jackson's decision to step down came little more than two weeks after his re-election to another two-year term despite a lack of campaigning. He disappeared from the public eye in June after taking a medical leave from the House for what aides had initially described as exhaustion.


Jackson formed a political tag-team with his wife, Ald. Sandi Jackson, 7th, who over the years has received hundreds of thousands of dollars as a paid political consultant to her husband. Despite her role on the City Council, the couple maintained an upscale home in Washington and sent their children to school there. Sandi Jackson has refused to discuss her husband's political future or the investigation into his campaign spending. She could not immediately be reached for comment Wednesday.


Jackson's resignation immediately launched a field of possible successors —to be nominated and elected in special elections early next year — that could involve more than a dozen Democratic contenders, some of them political has-beens and others up-and-comers representing a new generation of leadership.


Under state law, Gov. Pat Quinn has five days to set dates for primary and general elections, which must be held by mid-March.


Some Democrats quickly offered to broker a nominee to avoid several African-American contenders splitting the vote in the heavily Democratic and majority black 2nd Congressional District, which could allow a white candidate to win. The district stretches from the South Side through the suburbs and as far as Kankakee.


Jackson's decision to leave office brought to an end a monthslong, consuming political game over the 47-year-old congressman's ability to serve his constituents.


In the congressman's public absence during the re-election campaign, both his father, civil rights leader the Rev. Jesse Jackson Sr., and Sandi Jackson sought to maintain the family's political power by offering generic statements about his health, thanking voters for their prayers and promising a return to Congress when his health permitted.


Ald. Carrie Austin, 34th, whose far South Side ward is in Jackson's district, said she wasn't surprised Jackson stepped down but was disappointed with him for misleading his constituents.


"He's lost the love and concern of the residents in his district," Austin said. "We gave him the benefit of the doubt because of his sickness, and it didn't have anything to do with that."


Jackson was first elected to Congress in 1995 in a special election to replace former Rep. Mel Reynolds, who was convicted on charges including sexual misconduct with a 16-year-old campaign aide and federal bank fraud.


In Washington, Jackson steadily moved up the ladder in a legislative chamber where seniority is a valued commodity to become Illinois' lone representative on the powerful House Appropriations Committee.


At home, he began building a local political organization in the South Side and south suburbs, an operation which successful supplanted the once powerful Shaw brothers, twins Bill and Bob, who held various posts.





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In HP-Autonomy debacle, many advisers but little good advice

(Reuters) - When Hewlett Packard acquired Autonomy last year for $11.1 billion, some 15 different financial, legal and accounting firms were involved in the transaction -- and none raised a flag about what HP said Tuesday was a major accounting fraud.


HP stunned Wall Street with the allegations about its British software unit and took an $8.8 billion writedown, the latest in a string of reversals for the storied company.


HP Chief Executive Meg Whitman, who was a director at the company at the time of the deal, said the board had relied on accounting firm Deloitte for vetting Autonomy's financials and that KPMG was subsequently hired to audit Deloitte.


HP had many other advisers as well: boutique investment bank Perella Weinberg Partners to serve as its lead adviser, along with Barclays. Banking advisers on both sides of the deal were paid $68.8 million, according to data from Thomson Reuters/Freeman Consulting.


Barclays pocketed the biggest banker fee of the transaction at $18.1 million and Perella was paid $12 million. The company's legal advisers included Gibson, Dunn & Crutcher; Freshfields Bruckhaus Deringer; Drinker Biddle & Reath; and Skadden, Arps, Slate, Meagher & Flom, which advised the board.


On Autonomy's side of the table were Frank Quattrone's Qatalyst Partners, which specializes in tech deals and which picked up $11.6 million.


UBS, Goldman Sachs, Citigroup, JPMorgan Chase and Bank of America were also advising Autonomy and were paid $5.4 million each. Slaughter & May and Morgan Lewis served as the company's legal advisers.


While regulators in the United States and the United Kingdom, as well as the Federal Bureau of Investigation, are likely to spend many months if not years investigating what happened, legal experts said on Tuesday that it wasn't clear if any of the advisers would ultimately be held liable.


"The most logical deep pocket would be the acquired firm's auditors, who should have allegedly caught these defalcations," said James Cox, a professor at Duke University law school who specializes in corporate and securities law. Since both auditors missed the problems and it appeared to have taken HP a while to catch it after it took over Autonomy, the auditors may have a strong defense.


"You can have a perfectly sound audit and still have fraud exist," he said. A Deloitte UK spokesman said the company could not comment and would cooperate with any investigations.


The law firms and the bankers will likely argue that they were not hired to review the bookkeeping and had relied on the opinion of the auditors, securities law experts said.


Multiple sources with knowledge of the HP-Autonomy transaction added that the big-name banks on Autonomy's side were brought in days before the final agreement was struck. These sources said the banks were brought on as favors for their long relationships with the companies, in a little-scrutinized Wall Street practice of crediting -- and paying -- investment banks that actually have little do with the deal.


LAWSUITS, REPUTATIONS AT STAKE


Plaintiffs lawyers said they were taking calls from investors about HP on Tuesday. Darren Robbins, a San Diego-based plaintiff lawyer who represents shareholders, said the tech icon appears to have spent billions on a shoddy company without undertaking the proper due diligence, and thus misrepresented its finances to investors.


"I think they have serious troubles," he said.


But plaintiff lawyers may have difficulty bringing so-called derivative lawsuits against professional services firms, said Brian Quinn, an M&A professor at Boston College Law School. In those cases, plaintiff lawyers can sue third parties, such as auditors, on behalf of HP -- but they must convince a judge that HP's board is unfit to pursue those claims itself. In this situation, though, HP's board disclosed the alleged fraud itself, Quinn said.


Even if the bankers and lawyers escape any legal problems, they could suffer a reputational hit. The scrutiny could be particularly unwelcome for Perella Weinberg: the firm advised Japanese camera maker Olympus' acquisition of British Gyrus -- a transaction that prompted investigations in the United States, United Kingdom and Japan into fees and payments made by Olympus.


Olympus had hired Perella to execute the transaction, which included a fee paid to "advisers" of $687 million - way beyond the usual scale for a transaction valued at only $2 billion. Perella was not implicated in the matter.


Meanwhile, the most controversial banker involved in the HP-Autonomy deal, Frank Quattrone of Qatalyst, represented Autonomy and played a key role in getting HP to pay a high price.


A star investment banker in the 1990s, Quattrone had worked at Morgan Stanley, Deutsche Bank and Credit Suisse, and helped arrange some of the biggest tech initial public offerings of the era, including Amazon.com Inc and Cisco Systems Inc.


But his time at the top of Silicon Valley was curtailed by charges that he blocked an investigation into IPO kickbacks. After two trials failed to resolve his case, he ultimately reached a deal with prosecutors.


His return to the Silicon Valley M&A scene has impressed many in the tech world.


"His reputation is at an all-time high right now," said Dan Scheinman, the former head of mergers and acquisitions at Cisco who has worked with Quattrone on several deals.


Analysts almost uniformly deemed the $11.1 billion he got HP to pay for Autonomy as overly rich -- a compliment to him at the time, but possibly a hollow success if HP's allegations prove true.


(Reporting By Nadia Damouni and Nicola Leske in New York and Andrew Callus in London. Additional reporting by Dan Levine in San Francisco.; Editing by Peter Lauria, Jonathan Weber, Muralikumar Anantharaman, Janet McBride)


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Thunder edge Clippers 117-111 in overtime

OKLAHOMA CITY (AP) — Kendrick Perkins challenged his Oklahoma City Thunder teammates before a showdown of division leaders with the Los Angeles Clippers on Wednesday night.

The Thunder had lost their first two games this season against other top teams in the Western Conference, and Perkins wanted that trend to stop immediately.

It wasn't easy, but Oklahoma City got the job done.

Kevin Durant scored 35 points, Russell Westbrook added 23 and Oklahoma City's All-Star tandem scored all of the Thunder's points in overtime in a 117-111 victory over the Clippers.

"It felt good to finally get one of those wins, and we can move on now," Durant said.

Westbrook connected on a 3-pointer from the left wing to open the scoring in overtime, and Durant rattled one in from about the same spot two possessions later for a 108-104 advantage.

Westbrook then answered DeAndre Jordan's three-point play with a baseline jumper, and Oklahoma City was able to close it out from the foul line.

"This is a good win for us, especially against a team like that, that had some success lately," said Thabo Sefolosha, who hounded Clippers All-Star Chris Paul much of the game.

Blake Griffin led Los Angeles with 23 points and Jamal Crawford scored 20 for the Clippers, who had a six-game winning streak snapped after entering the game tied for the best record in the West.

After trailing for the previous 44 minutes, the Clippers finally pulled even at 102 when Matt Barnes drove for a layup with 36 seconds left in regulation. Griffin denied Durant the ball on the Thunder's ensuing possession, and Westbrook came up empty on a drive to the basket.

Paul then dribbled out the rest of the clock before missing a turnaround jumper from the left elbow as the horn sounded.

"I think the frustrating part is we had an opportunity to win and, regardless of what anybody says, it's going to be hard for us to win a game when I play that bad," said Paul, who missed 12 of 14 shots and ended up with nine points and nine assists.

"It's tough because you work so hard but there's going to be nights like that."

Los Angeles had been tied with Memphis for the West's best record at the start of the day but dropped behind Oklahoma City and San Antonio with the loss. The Clippers were trying to win at least seven games in a row for only the sixth time in franchise history, and the first time since 1991.

"We fought the whole game and Chris got a great look. We're going to live and die on that shot," Jordan said. "We fought but we definitely made some mistakes tonight. They made more plays than we did down the stretch."

Matt Barnes scored 19 points while replacing starting forward Caron Butler in the Clippers' lineup. Butler missed the game with a strained right shoulder sustained Monday night in a win at San Antonio.

Kevin Martin scored 20 points and Serge Ibaka chipped in 15 points and 12 rebounds for Oklahoma City before fouling out in overtime. Hasheem Thabeet also matched his career high with 10 points off the bench.

The Clippers won three out of four against Oklahoma City in a sometimes testy series last season that included Griffin's memorable throwdown over Perkins in a Clippers win and Perkins' retaliation with a hard foul to Griffin's face as Oklahoma City won the rematch.

Barnes had a couple scuffles with Ibaka and Perkins but nothing quite as noteworthy.

The Clippers ended up with a 54-38 edge scoring in the paint and a 28-10 advantage in second-chance points. Oklahoma City made up for it by making 34 of 39 free throws, while L.A. was 24 for 33.

Durant was 19 for 21 at the line, with coach Vinny Del Negro telling official Kevin Fehr after one call: "He doesn't need any help scoring."

"Those guys are physical and (I was) just trying to fight through it. Just trying to get there, man," Durant said. "I think early on, me driving and me getting into the paint, I was a little hesitant in the second half because I was turning the ball over.

"But I just tried to keep going. My teammates told me to just keep being aggressive, and that's what I tried to do."

The Thunder pushed ahead with a string of eight straight made baskets in the first quarter, and the lead stretched to 26-16 after Westbrook's extra effort turned a potential turnover into a three-point play for Thabeet.

The Clippers finally got back within striking distance early in the fourth, with Thunder coach Scott Brooks yelling to Durant to get off the bench with Los Angeles back within 78-75.

With Durant back in, Oklahoma City responded with the next six points to stabilize momentarily before the Clippers' final charge.

Notes: Los Angeles has held eight straight opponents below 46 percent shooting. The Thunder were just shy at 45.6 percent. ... Crawford made all four of his free throws, stretching his streak of consecutive makes to 29. He made 37 in a row in April. ... Jordan, one of the NBA's worst foul shooters at 42 percent, got Oklahoma City to stop hacking him intentionally in the fourth quarter by making three of four.

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Study finds mammograms lead to unneeded treatment

Mammograms have done surprisingly little to catch deadly breast cancers before they spread, a big U.S. study finds. At the same time, more than a million women have been treated for cancers that never would have threatened their lives, researchers estimate.

Up to one-third of breast cancers, or 50,000 to 70,000 cases a year, don't need treatment, the study suggests.

It's the most detailed look yet at overtreatment of breast cancer, and it adds fresh evidence that screening is not as helpful as many women believe. Mammograms are still worthwhile, because they do catch some deadly cancers and save lives, doctors stress. And some of them disagree with conclusions the new study reached.

But it spotlights a reality that is tough for many Americans to accept: Some abnormalities that doctors call "cancer" are not a health threat or truly malignant. There is no good way to tell which ones are, so many women wind up getting treatments like surgery and chemotherapy that they don't really need.

Men have heard a similar message about PSA tests to screen for slow-growing prostate cancer, but it's relatively new to the debate over breast cancer screening.

"We're coming to learn that some cancers — many cancers, depending on the organ — weren't destined to cause death," said Dr. Barnett Kramer, a National Cancer Institute screening expert. However, "once a woman is diagnosed, it's hard to say treatment is not necessary."

He had no role in the study, which was led by Dr. H. Gilbert Welch of Dartmouth Medical School and Dr. Archie Bleyer of St. Charles Health System and Oregon Health & Science University. Results are in Thursday's New England Journal of Medicine.

Breast cancer is the leading type of cancer and cause of cancer deaths in women worldwide. Nearly 1.4 million new cases are diagnosed each year. Other countries screen less aggressively than the U.S. does. In Britain, for example, mammograms are usually offered only every three years and a recent review there found similar signs of overtreatment.

The dogma has been that screening finds cancer early, when it's most curable. But screening is only worthwhile if it finds cancers destined to cause death, and if treating them early improves survival versus treating when or if they cause symptoms.

Mammograms also are an imperfect screening tool — they often give false alarms, spurring biopsies and other tests that ultimately show no cancer was present. The new study looks at a different risk: Overdiagnosis, or finding cancer that is present but does not need treatment.

Researchers used federal surveys on mammography and cancer registry statistics from 1976 through 2008 to track how many cancers were found early, while still confined to the breast, versus later, when they had spread to lymph nodes or more widely.

The scientists assumed that the actual amount of disease — how many true cases exist — did not change or grew only a little during those three decades. Yet they found a big difference in the number and stage of cases discovered over time, as mammograms came into wide use.

Mammograms more than doubled the number of early-stage cancers detected — from 112 to 234 cases per 100,000 women. But late-stage cancers dropped just 8 percent, from 102 to 94 cases per 100,000 women.

The imbalance suggests a lot of overdiagnosis from mammograms, which now account for 60 percent of cases that are found, Bleyer said. If screening were working, there should be one less patient diagnosed with late-stage cancer for every additional patient whose cancer was found at an earlier stage, he explained.

"Instead, we're diagnosing a lot of something else — not cancer" in that early stage, Bleyer said. "And the worst cancer is still going on, just like it always was."

Researchers also looked at death rates for breast cancer, which declined 28 percent during that time in women 40 and older — the group targeted for screening. Mortality dropped even more — 41 percent — in women under 40, who presumably were not getting mammograms.

"We are left to conclude, as others have, that the good news in breast cancer — decreasing mortality — must largely be the result of improved treatment, not screening," the authors write.

The study was paid for by the study authors' universities.

"This study is important because what it really highlights is that the biology of the cancer is what we need to understand" in order to know which ones to treat and how, said Dr. Julia A. Smith, director of breast cancer screening at NYU Langone Medical Center in New York. Doctors already are debating whether DCIS, a type of early tumor confined to a milk duct, should even be called cancer, she said.

Another expert, Dr. Linda Vahdat, director of the breast cancer research program at Weill Cornell Medical College in New York, said the study's leaders made many assumptions to reach a conclusion about overdiagnosis that "may or may not be correct."

"I don't think it will change how we view screening mammography," she said.

A government-appointed task force that gives screening advice calls for mammograms every other year starting at age 50 and stopping at 75. The American Cancer Society recommends them every year starting at age 40.

Dr. Len Lichtenfeld, the cancer society's deputy chief medical officer, said the study should not be taken as "a referendum on mammography," and noted that other high-quality studies have affirmed its value. Still, he said overdiagnosis is a problem, and it's not possible to tell an individual woman whether her cancer needs treated.

"Our technology has brought us to the place where we can find a lot of cancer. Our science has to bring us to the point where we can define what treatment people really need," he said.

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Online:

Study: http://www.nejm.org/doi/full/10.1056/NEJMoa1206809

Screening advice: http://www.uspreventiveservicestaskforce.org/uspstf/uspsbrca.htm

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Marilynn Marchione can be followed at http://twitter.com/MMarchioneAP

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