Well: The Appetite Workout

Every January, many people start working out, hoping to lose weight. But as studies attest, exercise often produces little or no weight loss — and even weight gain — and resolutions are soon abandoned. But new science suggests that if you stick with the right kind of exercise, you may change how your body interacts with food. It’s more than a matter of burning calories; exercise also affects hormones.

A 2012 study from the University of Wyoming looked at a group of women who either ran or walked and, on alternate days, sat quietly for an hour. After the running, walking or sitting, researchers drew blood to test for the levels of certain hormones and then directed the women to a room with a buffet. Human appetite is complicated, driven by signals from the brain, gut, fat cells, glands, genes and psyche. But certain appetite-related hormones, in particular ghrelin, which stimulates hunger, are known to be instrumental in determining how much we consume.

Studies have shown that exercise typically increases the production of ghrelin. Workouts make you hungry. In the Wyoming study, when the women ran, their ghrelin levels spiked, which should have meant they would attack the buffet with gusto. But they didn’t. In fact, after running they consumed several hundred fewer calories than they burned.

Their restraint, the researchers said, was due to a concomitant increase in other hormones that initiate satiety. These hormones, only recently discovered and still not well understood, tell the body that it has taken in enough fuel; it can stop eating. The augmented levels of the satiety hormones, the authors write, “muted” the message from ghrelin. Sitting and, notably, walking did not change the blood levels of the women’s satiety hormones, and the walkers overate, consuming more calories at the buffet than they had burned.

A related study published in December looked at the effects of moderate exercise, the equivalent of brisk jogging. It found that after 12 weeks, formerly sedentary, overweight men and women began recognizing, without consciously knowing it, that they should not overeat.

Researchers gave volunteers doctored milkshakes. Some contained maltodextrin, a flavorless sweetener that packed 600 calories into the drinks. The others, without maltodextrin, had 246 calories. Before beginning the exercise program, the volunteers ate more at a buffet lunch and throughout the rest of the day after drinking the high-calorie shake than when they were given the lower-calorie version. Their appetite regulation was out of whack.

But after three months of exercise, the volunteers consumed fewer calories throughout the day when they had the high-calorie shake than the lower-calorie one. Exercise “improves the body’s ability to judge the amount of calories consumed and to adjust for that afterward,” says Catia Martins, a professor at the Norwegian University of Science and Technology in Trondheim, who led the study.

But not all exercise. Running, it would seem, better hones the body’s satiety mechanisms than walking. And longevity counts. You need to stick with the program for several months, Martins says, to truly fine-tune appetite control.

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Toyota Prius topples Honda Civic as bestselling car in California









Toyotas Prius has toppled the Honda Civic from its two-year reign as the bestselling vehicle in California.


It was a thin margin. Toyota sold 60,688 of the hybrid last year, almost 26% of the Prius cars sold by Toyota in the U.S. last year. Honda sold 57,124 Civics.


The Toyota Camry was third with sales of 50,250. The sales data are from the California New Car Dealers Assn. and tracked retail auto registrations, which do not include sales to rental car companies, government and other fleet customers.





A hybrid capturing the sales crown in the state and passenger cars making up the bulk of the top 10 places demonstrate just how different the California car market is from the rest of the nation, analysts said.


Ford’s F-Series pick-up truck, perennially the bestselling nationally, placed seventh in California with sales of 25,434. The Chevrolet Silverado truck, the second bestseller nationally last year, didn’t come close to even cracking the top 10 in California.  It had sales of 17,804, below such disparate vehicles as the Hyundai Elantra compact car and the BMW 3-series sports sedan.


California’s disinterest in trucks “speaks to the high percentage of drivers that commute long distances. The need to travel 30-40 miles to and from work per day makes the prospect of owning a Ford F-Series or Chevrolet Silverado an expensive one,” said Alec Gutierrez, an analyst at auto price information company Kelley Blue Book.


The state’s gasoline prices are consistently among the highest in the nation.


Yet while fuel efficiency is one major reason why cars rather than trucks dominate the market -- California’s favorite truck or sport utility vehicle was the comparatively small Honda CR-V with sales of 29,055 –- but there also are cultural factors that influence which vehicles sell best in the state, said Peter Welch, chief executive of the California New Car Dealers Assn.


“Environmental consciousness and changing trends are large contributors,” Welch said, “eight years ago everyone was driving sport utilities and trucks, now it’s almost trendy to drive a fuel-efficient hybrid or plug-in.”


Hybrids, plug-in hybrids – which like the Chevrolet Volt can travel some distance only on electricity before a gas engine kicks in and extends the range – and electric-only vehicles now make up 7.4% of the California market, more than double the national average.


Financial incentives such as state rebates for plug-in hybrids and electric vehicles and other perks, such as car pool lane permits, help increase the California numbers. 


The Prius got its jump in the California market through state policy that once allowed solo drivers of the vehicle in car pool lanes, said Rebecca Lindland, an analyst with IHS Automotive. Now only the plug-in version qualifies for the permit.


Ironically, a wide-open car pool lane isn’t the place to show off a hybrid’s gas-sipping skills.


“You get better mileage in stop and go traffic, which the HOV lane is supposed to alleviate so it's an interesting juxtaposition,” Lindland said.


Toyota sells four different versions of the hybrid. The hatchback is the biggest seller. Other versions include a plug-in hatchback, a Prius C mini-car and the Prius V station wagon.


Overall, auto sales – including fleet sales - rose 25% in California, almost double the national growth rate of 13.4%, according to the state dealer group.


Japanese brands, rebounding from inventory and production problems caused by the Japanese earthquake in 2011, had the fastest growth. They now control 46.3% of the California auto market, up from 44.5% in 2011.


Most of that growth came at the expense of the domestic brands, which saw their combined market share slide to 29.7% from 31.6%. Chrysler was the only U.S. brand to show any market share growth in California, rising to 1.4% from 1%. 


The domestic car companies do much better nationally, where they control almost 45% of auto sales.


Toyota and its brands are the biggest sellers in California, owning 21.1% of the market. Honda follows with 12.5% and Ford is third at 11.3%. General Motors with 11.2% and Nissan with 8.3% round out the top five. Fast-growing Volkswagen, with 5.5% of the market, has almost caught Chrysler’s 6.5% share.


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Follow me on Twitter (@LATimesJerry), Facebook and Google+.





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With Obama fundraising, Latinos demonstrate growing clout









WASHINGTON — Cecilia Soto-Loftus, co-founder of a Malibu party services company, was new to presidential politics when she started raising money for President Obama's reelection bid last year.


After pulling in more than $400,000, she is getting the red carpet treatment at this weekend's inaugural festivities, with invitations to a strategy briefing for top fundraisers, a VIP candlelight reception and the official inaugural ball.


The special access reflects the unusual role Soto-Loftus and other Latino fundraisers played in Obama's 2012 campaign, the first to focus on tapping Latino celebrities, lawyers, business owners and community leaders for cash. The effort, called the Futuro Fund, aimed to raise $6 million — and brought in more than $30 million.





"It really sent a strong message that we shouldn't be overlooked," said Soto-Loftus, a Boyle Heights native who hopes to be considered for an ambassadorship, perhaps to Costa Rica or the Bahamas. "And I think we have only hit the tip of the iceberg."


Though $30 million was a small slice of Obama's record $1.1-billion haul, the Futuro Fund inducted a new cohort of donors into national politics, and created a Latino fundraising network that other politicians are clamoring to access. Most importantly, the group's work demonstrated the growing clout of Latinos beyond the ballot box.


"This is practically the final frontier in terms of what we need to be doing as political players in this country," said Arturo Vargas, executive director of the National Assn. of Latino Elected and Appointed Officials. "We've had the elected officials. We've had the activists. We've had the voters. And now we have the donors."


Democrats are using the inauguration to cement ties with the new class of donors.


Obama named actress Eva Longoria, a co-founder of the Futuro Fund, as co-chairwoman of his inaugural committee. And on Sunday night, Vice President Joe Biden made a surprise appearance at a gala performance of legendary Latino artists including Jose Feliciano, Rita Moreno and Chita Rivera that Longoria hosted at the Kennedy Center. The event was the culmination of Latino Inaugural 2013, a three-day celebration organized by the Futuro Fund.


"In this election, you spoke in a way that the world — and I mean the world, as well as the United States — could not fail to hear," Biden said as he thanked the black-tie crowd.


The proximity to power has given Latino fundraisers a new avenue to push their policy agenda. During the campaign, Longoria and others pressed Obama to overhaul immigration laws. Now they aim to continue advocating for immigration reform, for more Latinos in the administration, and for a host of other issues.


"We're going to be able to have influence on what affects our communities, whether it's the economy or jobs or education or healthcare," Longoria said before taking the stage Sunday night.


"The work begins now," noted Henry R. Muñoz III, owner of a San Antonio architecture firm. "It's all about how we harness and leverage what we have been able to achieve."


He and Longoria started the fund with San Juan lawyer Andres Lopez, an early backer of Obama who was frustrated when few other Latino fundraisers participated in the 2008 campaign. "We hadn't shown our financial muscle and hadn't earned the respect at that very important table we thought we could earn," Lopez said.


In mid-2011, the trio made their pitch to Obama campaign manager Jim Messina and finance chairman Matthew Barzun during a meeting in Chicago: Make time for us on the president's fundraising schedule, and we will bring in money.


"We originally offered [to raise] $6 million, and they said, 'Do you think you can do 12?' And we said, 'We'll try,'" Muñoz recalled.


A large share came at high-dollar events, such as a fundraiser Obama headlined at the Los Angeles home of actors Antonio Banderas and Melanie Griffith. But organizers also worked the phones. Concern about the GOP presidential challengers, who quarreled in the primaries over who would be tougher on illegal immigrants, helped spur contributions.


Latino donors "just didn't feel that the Republicans even understood their point of view," Lopez said. "And frankly, a lot of them said, 'I've never been asked,' which was our hunch."


Alex Nava, a 36-year-old commercial litigation lawyer in San Antonio, had given a few hundred dollars to Obama's 2008 campaign. He felt little incentive to give more, he said, because "any money I gave would be lost in the larger shuffle."


Then Muñoz called and explained how they hoped to demonstrate Latino fundraising power.


"I wanted to be part of that," said Nava, who donated the $5,000 maximum to the 2012 campaign.


A similar sentiment motivated Amalia Perea Mahoney, a 59-year-old art gallery owner in Chicago. Mahoney volunteered for Obama's campaign in 2008, but had never raised money. That changed after she attended a Futuro Fund briefing at Obama headquarters.


"I thought it was a great tool to get the Latinos a seat at the table," said Mahoney, who ultimately brought in between $200,000 and $500,000.


Some of the wooing was done by Obama, who met with about 20 prominent Latinos at a Washington hotel in early 2012.


"We felt part of the process, not just on the bleachers watching," said Ralph Patino, a 55-year-old trial lawyer in Coral Gables, Fla. He now has a photo of Obama with the group displayed in his law firm.


He and his wife, Elizabeth, gave more than $150,000 to the campaign and the Democratic Party, along with nearly $10,000 to the inaugural committee. They were among top donors who met the president and first lady, as well as Biden and his wife, at the White House on Friday.


Elizabeth Patino, a 37-year-old lawyer, said she was now contemplating jumping into politics, perhaps running for city commissioner this spring.


"I didn't know that I had this piece in me that really likes the political world," she said. "I was always somewhat afraid of it. But seeing how Latinos could come together and make such a great impact on a national level — it's just intoxicating."


matea.gold@latimes.com





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An Appointment With Kim Dotcom






Paul Spain is the host of the weekly NZ Tech Podcast, one of New Zealand’s leading locally produced podcasts and often appears on TV and video as a commentator on consumer and business technology topics.


AUCKLAND, NEW ZEALAND — It’s been said that Kim Dotcom is a villain. Many, particularly those in the film industry and law enforcement, believe it. To others, he is a hero standing up for the rights of Internet users everywhere.






[More from Mashable: Kim Dotcom’s Mega Begins Early Rollout]


I wanted to find out for myself where he stood.


I arrived at the Dotcom Mansion early Sunday afternoon New Zealand time. It was just a few hours after the launch of Kim Dotcom’s new website Mega.co.nz and one year since his mansion was raided and he was arrested by New Zealand police in conjunction with a U.S. request to extradite him.


[More from Mashable: Kim Dotcom’s Mega Loses Web Domain Before Debut]


A friendly Kim Dotcom greeted each of us in a small media gathering, before sitting at the head of the table flanked by Ira Rothken, his California-based attorney.


I expected a prepared statement. That wasn’t the case. Dotcom shared his excitement about the 250,000 Mega signups in the first two hours and soon led into Q&A session for the remaining 45-minutes. He proved to be extremely adept in the way he responded to questions, working effortlessly to position Mega as an innovator. He indicated a desire to help the film industry succeed in the world of digital downloads and streaming — rather than being just a company out to line its own pockets.


Dotcom’s opinions and arguments for his cause were strong and generally well thought out, though on occasion seemed less robust. For instance he suggested he’d found a great way films could be funded in the future. His concept involves studios signing up digital streaming distributors around the world to fund a movie ahead of its production.


He felt distributors might pay for streaming rights before production, thereby funding the production. Unfortunately, I feel revenues from streaming (now and for the foreseeable future) are typically so low this would only provide a small fraction of the funds needed to produce a movie. And who wants to risk paying up front for a movie that might be a flop?


When asked about whether he would stay in New Zealand if he succeeds in stopping his extradition to the U.S. later this year, he was non-committal. On one hand he said he loved the country but on another he was worried he’d be persecuted by authorities, and in that case he’d leave. He spoke of journalists, music and movie producers on their way to visit him being harassed by customs officials upon arrival in the country –- including strip searches and even a request to view the content of one visitor’s laptop. I’ve not been able to verify these rather extreme occurrences.


Dotcom has positioned Mega as a service that sits between Dropbox and his previous site Megaupload -– with the added benefits of end-to-end encryption. He and Rothken went to great lengths to highlight that Mega would operate entirely within the law.


Dotcom made little effort to suggest Mega would be less prone to being a haven to copyright materials than Megaupload was. It seems there will continue to be a game of cat and mouse afoot as Dotcom and authorities try to outwit each other.


(A full audio recording of the discussion will be available later today at NZ Tech Podcast.)


In a one-on-one setting with Dotcom, I tried to gain more understanding about the open source elements of the Mega service and his commitment to New Zealand. Interestingly he was reticent to provide solid answers to either question and provided what I felt were just pat answers aimed at fobbing me off.


As we left the compound mid-afternoon, we saw Kim on stage rehearsing for the evening performance he would lead, with the support of musicians, his co-accused and investors in the new Mega. That performance included a dramatization of the raid on his home one year before. It was a gathering filled with media from around the country and a few from abroad. In the public context he continued to sell Mega extremely well –- to the point where someone commented to me that the event at times felt like a religious or marketing conference.


Dotcom currently remains on bail until his extradition hearing due in September. Amongst those in attendance, it appeared widely accepted that the bid to extradite him from New Zealand to the U.S. is likely to fail because of mistakes made by law enforcement and New Zealand spy agency GCSB.


After my visit, I’m left with a number of fairly clear impressions about Kim Dotcom and Mega. How you take these will depend on which side of the fence you stand:


  1. Mega’s management team is making every effort to operate in a manner that does not fall afoul of the law (though it could be argued they did the same with Megaupload).

  2. Mega will be used to distribute copyrighted materials such as movies, TV shows and music -– though likely to a lesser extent than Megaupload did.

  3. Kim Dotcom will continue to draw controversy and be outspoken about the rights of Internet users everywhere. He is not backing down.

Love him or hate him, Kim Dotcom is back in business and, if he’s to be believed, no fair court will be able to stop him.


Dotcom raid being re-enacted at the mansion.


Click here to view this gallery.


Photos by Paul Spain


This story originally published on Mashable here.


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Stars rub shoulders with politicos at inauguration


WASHINGTON (AP) — It's not exactly the Red Carpet ceremony, but President Barack Obama's second-term inauguration has an unmistakable Hollywood look.


There was a loud cheer for Beyonce and Jay-Z as they took their places at the Capitol Monday to watch Obama take the public oath of office for his second term. The two stopped to chat with Rev. Al Sharpton.


Actress Eva Longoria was seated on the platform outside the Capitol. Also seated in the crowd were singer Katy Perry, wearing an orange coat, and John Mayer.


Musicians Kelly Clarkson and James Taylor were present, as well, to perform at the inaugural ceremony.


And former Boston Celtics great Bill Russell was in the crowd, too.


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Recipes for Health: Lentil, Celery and Tomato Minestrone


Andrew Scrivani for The New York Times







If you did a lot of cooking over the Christmas and New Year’s holidays you may have some celery hearts lingering in your refrigerator. You needed a few branches for a stew, a stock, or a soup, so you bought a whole bunch, and here it is weeks later and the rest of the celery is wilting in the produce drawer.




This doesn’t have to happen if you think of this vegetable as something more than an aromatic. I’m a big fan of celery, both raw and cooked, as the main ingredient or as one of several featured ingredients in a dish. You can do the traditional thing with raw celery and dice it up and add it to a potato, tuna or egg salad, or you can make a celery salad, slicing the branches as thin as you can get them and tossing them with herbs, radishes, oil and vinegar, and blue cheese. If you are cooking with celery, don’t stop at one branch when you make soup. The celery contributes a wonderful herbal flavor dimension. It retains its texture for a long time when you cook it, so I used it as the main vegetable in a risotto and loved the way it stood up to the creamy rice.


You always see celery listed as an ingredient in tonic juices and blender drinks. It has long been used in Chinese medicine to help control high blood pressure, which makes sense because it contains phytochemicals called phthalides that reduce stress hormones and work to relax the muscle walls in arteries, increasing blood flow. The vegetable is an excellent source of Vitamins K and C, and a very good source of potassium, folate, dietary fiber, molybdenum, manganese, and Vitamin B6. Another bonus attribute – it is very low in calories. However, it is on the high side as far as sodium goes.


Lentil, Celery and Tomato Minestrone


I make minestrones like this all the time, but I hadn’t made a version with this much celery in it until I made this one, and I loved the dimension of flavor it contributes to the mix.


1 cup lentils, rinsed


1 onion, halved


A bouquet garni made with 2 sprigs each thyme and parsley, a bay leaf, and a Parmesan rind


1 1/2 quarts water


1 tablespoon extra virgin olive oil


1 medium carrot, diced


3 celery stalks, diced


2 garlic cloves, minced


Salt, preferably kosher salt, to taste


1 28-ounce can chopped tomatoes, with liquid


Pinch of sugar


2 tablespoons tomato paste


1/4 cup chopped fresh parsley


Very thinly sliced celery, from the inner heart, for garnish


Freshly grated Parmesan cheese for serving


1. Combine the lentils, 1/2 onion and the bouquet garni with 1 quart water in a saucepan and bring to a boil. Reduce the heat, add salt to taste, cover and simmer 30 minutes.


2. Chop the remaining onion. Heat the olive oil in a large, heavy soup pot or Dutch oven over medium heat and add the onion, carrot, and celery. Cook, stirring often, until the onion is tender, about 5 minutes, and add the garlic and a pinch of salt. Stir together until fragrant, about 1 minute, and add the canned tomatoes with their liquid and the sugar. Bring to a simmer and cook, stirring often, for about 10 minutes, until the tomatoes have cooked down somewhat and smell fragrant.


3. Add the lentils with their broth, the tomato paste, salt to taste, an additional 2 cups water, and bring to a boil. Reduce the heat, cover, and simmer 30 minutes. Taste and adjust seasonings. Season to taste with freshly ground pepper, stir in the parsley and serve, garnishing each bowl with thinly sliced celery heart if you want some crunch, and passing the Parmesan at the table.


Yield: Serves 4 to 6 (4 if there are teen-agers in your house)


Advance preparation: This will keep for three or four days in the refrigerator. It may require thinning out. It’s even better the day after you make it. I have a teenage son and he just about polished off the leftovers – which should have served 3 – the day after I tested the recipe.


Variation: Shortly before serving add 2 cups baby spinach and simmer just until wilted.


Nutritional information per serving (4 servings): 276 calories; 4 grams fat; 0 grams saturated fat; 1 gram polyunsaturated fat; 2 grams monounsaturated fat; 0 milligrams cholesterol; 49 grams carbohydrates; 12 grams dietary fiber; 392 milligrams sodium (does not include salt to taste); 17 grams protein


Nutritional information per serving (6 servings): 184 calories; 2 grams fat; 0 grams saturated fat; 0 grams polyunsaturated fat; 2 grams monounsaturated fat; 0 milligrams cholesterol; 32 grams carbohydrates; 8 grams dietary fiber; 261 milligrams sodium (does not include salt to taste); 11 grams protein


Martha Rose Shulman is the author of “The Very Best of Recipes for Health.”


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Finance, banking the least-trusted industries, survey finds













Photo outside the New York Stock Exchange on Wall Street.


Financial and banking firms were the least trusted industries last year, according to a PR firm's survey.
(Andrew Gombert / EPA)





































































Financial services and banks were the least-trusted industries last year, according to a public relations firm's annual survey.


Only 46% of U.S. respondents said they trusted the financial services industry, and only 41% said they trusted banks in 2012, according to PR agency Edelman's annual survey of consumers' trust.


That's still an improvement, however. The perception of the financial and banking industries improved from 2011, when only 25% of U.S. respondents found them trustworthy, Edelman said. That year, those industries edged out the media, which only 22% of respondents said they trusted.





It's been five years since the financial crisis, but major banks nonetheless kept serving up scandals in 2012.


Last year, the public learned of widespread rigging of benchmark interest rates that are tied to just about every type of financial product, including mortgages and swaps. The scandal involving the manipulation of the London Inter-Bank Offered Rate, or Libor, continues to unfold.


Some major banks' reputations were also tarnished by government accusations that they essentially became money-laundering conduits for terrorists and drug cartels, or violated U.S. sanctions by doing business with rogue states like Iran.


And many institutions continue to get hammered by government lawsuits and settlements stemming from the mortgage meltdown and ensuing financial crisis.


The 2012 Edelman Trust Barometer had more than 30,000 online respondents around the world, the agency said.


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U.S., other nations await Algeria death toll









CAIRO—





The U.S., Britain and other countries sought to learn the fate of their citizens Sunday after Algeria announced that the death toll from a hostage crisis at a remote gas refinery was expected to rise beyond a previous estimate of 23.

It was another painstaking day for security officials trying to determine how a band of Islamist militants overran the gas complex last week, and for families and nations awaiting word of new deaths. Britain confirmed that three of its citizens were killed and three are unaccounted for.


Algerian officials said security teams defusing mines and explosive booby-traps at the Sahara Desert site had found “numerous” bodies, according to the Associated Press. Algerian communications minister Mohamed Said Belaid was quoted by the state news agency as saying: "I am afraid unfortunately to say that the death toll will go up."





As many as seven U.S. hostages are missing, along with about 14 Japanese. Other captives included Norwegians, Malaysians and French. Algerian officials said a final death count would be released in the coming hours.


Nearly 700 Algerians and 107 foreigners had been freed or had escaped from the gas field in eastern Algeria during the four-day, bloody ordeal that ended Saturday. Officials said at least 23 hostages and 32 militants had been killed. But discrepancies remained over the nationalities of the dead and the exact number of those who died.


“The priority now must be to get everybody home from Algeria," said British Prime Minister David Cameron. "This is a stark reminder once again of the threat we face from terrorism the world over. We have had successes in recent years in reducing the threat from some parts of the world, but the threat has grown particularly in northern Africa.”


Cameron, who had earlier appeared irritated that the Algerians did not inform foreign capitals before troops first stormed the refinery Thursday, tempered his criticism.


"People will ask questions about the Algerian response to these events,” he said. “But I would just say that the responsibility for these deaths lies squarely with the terrorists who launched this vicious and cowardly attack. And I'd also say that when you’re dealing with a terrorist incident on this scale, with up to 30 terrorists, it is extremely difficult to respond and to get this right in every respect.”


 The natural gas complex at In Amenas -- near the Libyan border -- is operated by BP, Statoil and Sonatrach, the Algerian national oil company. BP said four of its employees were missing.


Militants linked to Al Qaeda in the Islamic Maghreb raided the facility before dawn Wednesday. They claimed it was to avenge French airstrikes on Islamic rebels in neighboring Mali. But officials from the U.S. and other countries indicated the attack was planned ahead of this month’s French military action. 


Belaid said the militants were "nationals of Arab and African countries, and of non-African countries."


jeffrey.fleishman@latimes.com


(Times staff writer Henry Chu in London contributed to this report)     





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Google says Wall Street estimates need adjusting






SAN FRANCISCO (Reuters) – Google Inc issued a rare advisory to Wall Street on Friday that analyst estimates for its fourth quarter financial results are flawed.


The world’s No.1 search engine, which reports its quarterly results on Tuesday, said most analysts have not adjusted their estimates to reflect the pending $ 2.35 billion sale of the Motorola Home business.






The business must be presented separately from the results of Google’s continuing operations under U.S. accounting rules, Google Treasurer Brent Callinicos wrote in a post on Google’s investor relations Web page on Friday.


“As of this writing, a majority of Wall Street analysts who cover Google have not reflected the Home business as discontinued operations in their estimates,” Callinicos wrote.


The discrepancy means the fourth-quarter net revenue that Google reports on Tuesday could appear to be less than the $ 12.34 billion average that analysts polled by Thomson Reuters I/B/E/S are expecting.


Raymond James analyst Aaron Kessler says his fourth-quarter net revenue estimate includes nearly $ 900 million from the Motorola Home business.


“They’re saying that the headline number is going to be less than what most analysts have for Q4,” said Kessler.


The advisory is a rare move for Google, which does not provide financial forecasts and typically has limited interactions with analysts. The company has in the past provided accounting advisories to analysts about the Motorola Mobility business, which Google acquired for $ 12.5 billion in May.


Google bought Motorola Mobility primarily for its large portfolio of communications patents and its mobile phone business.


In December, Google agreed to sell the Motorola Home television set-top box business to Arris Group Inc for $ 2.35 billion in cash and stock.


Analysts expect Google to report adjusted earnings of $ 10.56 per share for the fourth quarter.


“It’s a little surprising that they’re doing this the Friday before the report,” said Kessler. “They should have put it out a week ago if they wanted analysts to change their numbers.”


(Reporting By Alexei Oreskovic. Editing by Andre Grenon)


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Former Secretary of State Rice joins CBS News


WASHINGTON (AP) — Former Secretary of State Condoleezza Rice has joined CBS News as a contributor.


CBS News Chairman Jeff Fager and president David Rhodes say Rice "will use her insight and vast experience to explore issues facing America at home and abroad."


Rice served as secretary of state during President George W. Bush's second term. She was the first African-American woman to hold the post.


Rice was Bush's national security adviser during his first term and worked on the National Security Council under President George H.W. Bush.


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