Keppel Corp's net profit falls 22% on-year in Q4

SINGAPORE: Falling margins from building oil rigs has hit the bottomline of Keppel Corp.

Net profit for the world's leading rig builder fell 22 per cent on-year to S$305 million in the fourth quarter last year.

Still, full year profit for the conglomerate came in 15 per cent to S$2.24 billion.

Despite lower net profit in the three months ended Dec 31, Keppel Corp still declared a final dividend of 27 cents per share.

As part of its 45th anniversary, Keppel Corp is handing out more goodies to its shareholders.

The company has proposed to distribute one Keppel REIT unit for every five Keppel Corp shares.

That is about 27.4 cents per share based on Keppel REIT's closing price of S$1.37 on Thursday.

Together with the interim dividend of 18 cents, total distribution for 2012 will be 72.4 cents per share.

Keppel Corp said the lower net profit was partly due to lower contributions from its offshore and marine unit.

Offshore and Marine's contribution was 12 per cent lower from a higher base in 2011 when margins were at record highs. It contributes to half of Keppel Corp's net profits.

"Keen rivalry from Chinese and Korean yards have suppressed prices and squeezed margins on newbuilds," said Choo Chiau Beng, chief executive officer at Keppel Corp. "In 2013, we will be completing a record of 22 newbuild units."

Analysts remained upbeat of Keppel's prospects going forward.

They say their financial results still outperformed market expectations.

Keppel Corp expects crude oil prices to stay above US$100 per barrel, supporting the need for more global exploration and production.

But global challenges like the slower US economy and the eurozone crisis from last year will continue to pose uncertainties for Keppel Corp's business.

Keppel Corp's property arm, led by the listed Keppel Land, boosted the group's earnings.

Net profit for the property division was 2.5 times higher than in 2011, offsetting the lower earnings from business in the offshore and marine, and infrastructure.

But Keppel Corp does not expect its property arm to perform better this year.

This is because recognition from sales of completed units at its development Reflections at Keppel Bay is expected to be lower this financial year.

- CNA/xq

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French court tells Twitter it must hand over names of racist tweeters

A French court ruled today that Twitter must turn over the identities users who post racist tweets.

(Credit:
Illustration by James Martin/CNET)

Twitter must hand over the identities of users in France who post racist tweets, a French court ruled today.

According to AFP, the court's ruling stemmed from a test case "that pitted the right to free speech against laws banning hate speech," and answered a petition made in October by the French Union of Jewish Students (UEJF), which had claimed that many anti-Semitic tweets had violated the law in the European country.

The UEJF had demanded that Twitter do a better job of policing obviously anti-Semitic tweets.

Twitter said today in a statement that "we are currently reviewing the court's decision."

In October, Twitter was awash in anti-Semitic French-language tweets tied to the hashtag "#unbonjuif" ("a good Jew"), prompting many to argue that social media in general, and Twitter in particular, are cesspools of objectionable content (article in French). A big element of the complaints aimed at Twitter was that it was too hard for users to report objectionable tweets.

At the time, Twitter rebutted that contention, pointing out that a simple Google search for, say, "Report Twitter behavior" returns a number of different methods for reporting, or flagging, abusive posts or users.

Twitter also said in October that it is concerned about egregious user behavior and can, and sometimes does, take action against perpetrators of such activity. The company said, for example, that it can police trending topics, proactively removing any such terms that are considered offensive from its highly influential real-time list of popular subjects, such as "swastika." Today, AFP reported that Twitter had deleted some of the anti-Semitic tweets in October.

But Twitter has also long emphasized freedom of user expression, and the company said in October that on its own, there's nothing about a term like "good Jew" that's inherently anti-semitic. In a case like the one in France, it's up to users to report abusive tweets, the company has contended, and it reserves the right not to take action unless such posts are clearly illegal in the country where the tweet was reported.

It is almost certainly that position that led the UEJF to take its case to the French courts.

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Deformed Dolphin Accepted Into New Family

In 2011, behavioral ecologists Alexander Wilson and Jens Krause of the Leibniz-Institute of Freshwater Ecology and Inland Fisheries in Germany were surprised to discover that a group of sperm whales (Physeter macrocephalus)—animals not usually known for forging bonds with other species—had taken in an adult bottlenose dolphin (Tursiops truncatus).

The researchers observed the group in the ocean surrounding the Azores (map)—about 1,000 miles (1,600 kilometers) off the coast of Lisbon, Portugal—for eight days as the dolphin traveled, foraged, and played with both the adult whales and their calves. When the dolphin rubbed its body against the whales, they would sometimes return the gesture.

Among terrestrial animals, cross-species interactions are not uncommon. These mostly temporary alliances are forged for foraging benefits and protection against predators, said Wilson.

They could also be satisfying a desire for the company of other animals, added marine biologist John Francis, vice president for research, conservation, and exploration at the National Geographic Society (the Society owns National Geographic news).

Photographs of dogs nursing tiger cubs, stories of a signing gorilla adopting a pet cat, and videos of a leopard caring for a baby baboon have long circulated the web and caught national attention.

A Rare Alliance

And although dolphins are known for being sociable animals, Wilson called the alliance between sperm whale and bottlenose dolphin rare, as it has never, to his knowledge, been witnessed before.

This association may have started with something called bow riding, a common behavior among dolphins during which they ride the pressure waves generated by the bow of a ship or, in this case, whales, suggested Francis.

"Hanging around slower creatures to catch a ride might have been the first advantage [of such behavior]," he said, adding that this may have also started out as simply a playful encounter.

Wilson suggested that the dolphin's peculiar spinal shape made it more likely to initiate an interaction with the large and slow-moving whales. "Perhaps it could not keep up with or was picked on by other members of its dolphin group," he said in an email.

Default

But the "million-dollar question," as Wilson puts it, is why the whales accepted the lone dolphin. Among several theories presented in an upcoming paper in Aquatic Mammals describing the scientists' observations, they propose that the dolphin may have been regarded as nonthreatening and that it was accepted by default because of the way adult sperm whales "babysit" their calves.

Sperm whales alternate their dives between group members, always leaving one adult near the surface to watch the juveniles. "What is likely is that the presence of the calves—which cannot dive very deep or for very long—allowed the dolphin to maintain contact with the group," Wilson said.

Wilson doesn't believe the dolphin approached the sperm whales for help in protecting itself from predators, since there aren't many dolphin predators in the waters surrounding the Azores.

But Francis was not so quick to discount the idea. "I don't buy that there is no predator in the lifelong experience of the whales and dolphins frequenting the Azores," he said.

He suggested that it could be just as possible that the sperm whales accepted the dolphin for added protection against their own predators, like the killer whale (Orcinus orca), while traveling. "They see killer whales off the Azores, and while they may not be around regularly, it does not take a lot of encounters to make [other] whales defensive," he said.

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Exterminator Charged in Pa. Doctor's Murder

An exterminator named Joseph Smith was arrested and charged today in the strangling and burning death of Philadelphia pediatrician Melissa Ketunuti.

Smith, 36, had been sent to Ketunuti's home on a service call where the two got into "some kind of argument" in Ketunuti's basement on Monday, Capt. James Clark of the Philadelphia police department said this morning.

"At her home they got into an argument. It went terribly wrong. He struck her, and knocked her to the ground," Clark said. "Immediately he jumped on top of her, started strangling her. She passed out, and then he set her body on fire."

Clark said Smith burned the woman's body "to hide evidence like DNA." He said "at some point, he bound her up." The doctor was found with her hands and feet tied behind her back.

The captain said that before today's arrest Smith's record consisted of only "minor traffic offenses."

Philadelphia Police Department/AP Photo

Pa. Doctor Killing: Person of Interest in Custody Watch Video

Philadelphia Doctor's Murder Leaves Police Baffled Watch Video

Police received a call from Ketunuti's dog-walker about the house fire around 12:30 p.m. Monday, and once inside found Ketunuti with her hands and feet bound. They believe Smith hit her and strangled her with a rope, causing her to pass out, and then bound her body and set fire to it in order to destroy evidence, including DNA evidence.

Ketunuti, 35, was fully clothed and police do not believe she was sexually assaulted.

She was a doctor at Children's Hospital of Philadelphia and had lived alone in the Graduate Hospital neighborhood of the city for about three years.

Clark said that homicide detectives scoured the neighborhood for surveillance videos from nearby stores and businesses, and through the video identified the suspect.

Smith was spotted on video getting out of the vehicle and following Ketunuti to her home. The man left her home after an hour and was seen on video circling her home.

Detectives drove to Clark's home in Levittown, Pa., outside of Philadelphia where he lives with a girlfriend and her child, on Wednesday night and brought him back to the Philadelphia police station.

A silver Ford truck was towed from Smith's home, which was the same truck spotted on surveillance video Monday in Ketunuti's neighborhood, sources told ABC News affiliate WPVI.

There, he gave statements that led police to charge him with the murders, Clark said.

Smith will face charges of murder, arson, and abuse of a corpse.

Ketunuti's hospital issued a statement Tuesday that she was "a warm, caring, earnest, bright young woman with her whole future ahead of her," adding that she will be deeply missed.

"[She was] super pleasant, really nice," one neighbor said. "Just super friendly."

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Snaps from space: Bleak landscapes become abstract art

18:27 23 January 2013

Yesterday, Canadian astronaut Chris Hadfield dropped a puck from space for his favourite hockey team's opening game. In the meantime, he's been busy tweeting his latest photos of astounding landscapes from the International Space Station. Here are a few of our favourites. Sandrine Ceurstemont

Image 1 of 6

The Australian outback looks like an abstract painting in this view, its iron-rich soil appearing even more vivid from far above. Ridges in its flat topography resemble brushstrokes.

(Image: Chris Hadfield/Canadian Space Agency/ISS)

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Steady rise in government data requests: Google

SAN FRANCISCO: Google on Wednesday reported a "steady increase" in government requests to hand over data from Internet users in the second half of 2012.

The Web giant's semi-annual "transparency report" showed the most requests came from the United States, with 8,438 requests for information about 14,868 users.

India was second with 2,431 requests for data about 4,106 users, followed by France, where Google received 1,693 requests for information about 2,063 users. Germany, Britain and Brazil rounded out the top six, Google said.

"The steady increase in government requests for our users' data continued in the second half of 2012, as usage of our services continued to grow," said Richard Salgado, Google's head of law enforcement and information security.

"User data requests of all kinds have increased by more than 70 per cent since 2009," he said in a blog posting.

"In total, we received 21,389 requests for information about 33,634 users from July through December 2012."

Google said it supplied at least some of the requested data in 68 per cent of cases, down from 76 per cent in late 2010.

In releasing details of requests in the United States, Google said 68 per cent of the requests it received from government entities were through subpoenas, which "are the easiest to get because they typically don't involve judges," according to Salgado.

Another 22 per cent were through search warrants, mostly issued by judges when there is "probable cause" related to a crime.

Google provided at least some data in 90 per cent of the requests in the United States in late 2012, compared with 94 per cent two years earlier.

Berin Szoka of the Washington think tank TechFreedom said the report shows "a disturbing growth in government surveillance online."

"On its own, the growth in number of requests for private information like emails should be alarming, especially after the Petraeus case," he said, referring to the disclosure of email exchanges that led to the resignation of CIA director David Petraeus.

"Even more disturbing is that most requests have not been reviewed by a court to ensure that law enforcement has established probable cause to believe a crime has actually been committed, as the (constitution's) Fourth Amendment generally requires."

- AFP/jc

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Tech talk 'more confusing than a foreign language'

The most confusing word in tech. Allegedly.

(Credit:
Screenshot by Chris Matyszczyk/CNET)

You might be familiar with the term "megabyte."

For some, though, it represents an emotional megadeath.

You might know what an ISP is, but some need ESP in order to explain to themselves what this actually means.

This, at least, is the conclusion of a deeply disturbing piece of research, performed in the U.K. on behalf of Carphone Warehouse's Geek Squad.

More Technically Incorrect

As the Daily Mail translates it, real, normal human beings are more emotionally disturbed when faced with tech talk than with the Greek for "good night" or the Russian for "cheers."

It seems they begin to perspire. The electrics in their brain begin to overload. The researchers calculated that these people found it 42 percent more stressful and confusing to decipher geek than Greek.

I can sense a little kvetching and stirring in the audience, so please let me make it worse for you.

This piece of research claims that when they heard terms such as "OS" and "plug-in," the men were 138 percent more stressed than the women.

It is customary here to accept all research with at least as much salt as McDonald's puts on its fries.

So might I temper your temper by explaining that there were a mere 16 respondents in this fine scientific study.

However, Carphone Warehouse's Geek Squad has decided that the 10 most confusing tech terms from the research just have to go. The company is simply removing them from its dialogue with customers.

Here they are:

1. Algorithm


2. Beta


3. Cache


4. Phablet


5. Vlogging


6. Phishing


7. ISP


8. Trojan


9. Geo-tagging


10. Back-end

Some might be surprised that "back-end" was so low down.

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Pictures: Trout vs. Trout in Yellowstone Lake

Photograph by Jay Fleming

Without aggressive management, the population of Yellowstone cutthroats could be decimated. To suppress the population of lake trout, the National Park Service engaged a contract fishing company to net them. Cutthroats are removed carefully from the traps and thrown back. Lake trout are removed and killed. Last year about 300,000 of the non-native intruders were taken from the lake.

Published January 22, 2013

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Clinton Says Budget Cuts Undermine Security

An energized Secretary of State Hillary Clinton stood her ground today, telling the Senate Foreign Relations Committee that she has overseen plans to secure diplomatic outposts around the world while cuts in State Department funding undermine those efforts.

Citing a report by the department's Accountability Review Board on the security failures that led to the deaths of four Americans in Benghazi, Libya, during an attack last year, Clinton said the board is pushing for an increase in funding to facilities of more than $2 billion per year.

"Consistent shortfalls have required the department to prioritize available funding out of security accounts," Clinton told the Senate this morning, while again taking responsibility for the Benghazi attack. "And I will be the first to say that the prioritization process was at times imperfect, but as the ARB said, the funds provided were inadequate. So we need to work together to overcome that."

Clinton, showing little effect from her recent illnesses, choked up earlier in discussing the Benghazi attack.

"I stood next to President Obama as the Marines carried those flag-draped caskets off the plane at Andrews," Clinton said this morning, her voice growing hoarse with emotion. "I put my arms around the mothers and fathers, sisters and brothers, sons and daughters."

The outgoing secretary of state was the only witness to giving long-awaited testimony before the Foreign Relations Committee this morning, and will appear before the House Foreign Affairs Committee at 2 p.m.

Pablo Martinez Monsivais/AP Photo

Hillary Clinton's Fiery Moment at Benghazi Hearing Watch Video

Hillary Clinton to Testify on Benghazi Consulate Attack Watch Video

Hillary Clinton Suffers Concussion After Fainting Watch Video

The secretary, who postponed her testimony in December, started today by giving context to the terrorist attack.

"Any clear-eyed examination of this matter must begin with this sobering fact," Clinton began. "Since 1988, there have been 19 Accountability Review Boards investigating attacks on American diplomats and their facilities."

But the secretary did not deny her role in the failures, saying that as secretary of state, she has "no higher priority and no greater responsibility" than protecting American diplomats abroad like those killed in Benghazi.

"As I have said many times, I take responsibility, and nobody is more committed to getting this right," Clinton said. "I am determined to leave the State Department and our country safer, stronger and more secure."

Among the steps Clinton has taken, she said, is to "elevate the discussion and the decision-making to make sure there's not any" suggestions that get missed, as there were in this case.

Clinton testified that the United States needs to be able to "chew gum and walk at the same time," working to shore up its fiscal situation while also strengthening security, and she refuted the idea that across-the-board cuts slated to take place in March, commonly referred to as sequestration, were the way to do that.

"Now sequestration will be very damaging to the State Department and USAID if it does come to pass, because it throws the baby out with the bath," Clinton said, referring to the United States Agency for International Development, which administers civilian foreign aid.

While the State Department does need to make cuts in certain areas, "there are also a lot of very essential programs … that we can't afford to cut more of," she added.

More than four months have passed since the attack killed U.S. Ambassador Christopher Stevens and three other Americans in Libya. These meetings, during which Clinton discussed the report on State Department security failures by the Accountability Review Board, were postponed because of her recent illness.

Clinton told the Senate that the State Department is on track to have 85 percent of action items based on the recommendations in the Accountability Review Board report accomplished by March, with some already implemented.

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Today on New Scientist: 22 January 2013

Did Mars hide life in its watery pockets?

Clays and carbonates found in a Martian crater might be deposits from groundwater that could have nourished life long after the planet's surface dried up

8th-century tree rings hint at close-range space blast

High levels of carbon-14 in two Japanese cedars may be one of the first signs of a nearby gamma-ray burst

3D sonar uncovers skeleton of Civil War battleship

One hundred and fifty years after it went down in battle, the bones of the paddle-wheel steamship USS Hatteras have been scanned on the seabed

Barack Obama promises US action on climate

A bold strategy to combat global warming and the aim to lead the world in clean technology are at the centre of the US president's plans

Threatwatch: The greatest risks to world stability

Some 3000 top corporate and political bosses are meeting at the World Economic Forum in Davos to hear about the threats we all face

Robot-assisted 3D printer aids march of the machines

An all-in-one robotic fabricator can mill, drill and assemble the pieces created by a 3D printer

Sacrificing Einstein: Relativity's keystone has to go

Our hopes of finding a theory of everything depend on upsetting a balance that Einstein cherished, says Stuart Clark

Global mercury treaty will take decades to work

140 countries have agreed a deal to cut mercury pollution, but it will be a long slow process getting the toxic metal out of the environment

Could botox change your life for the better?

In The Face of Emotion, Eric Finzi explores how one of the world's most popular cosmetic procedures could alleviate depression

A theory of everything won't provide all the answers

We shouldn't be obsessed with finding a theory of everything, says Lisa Randall, one of the world's most prominent theoretical physicists

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