Olam profit soars but Muddy Waters keeps sell rating






SINGAPORE: Farm commodities supplier Olam reported a near 20 percent jump in quarterly net profit but US-based short-seller Muddy Waters on Friday maintained its "strong sell" rating on the Singapore company.

Olam said net profit for the October-December period soared 19.9 percent from a year earlier to S$154.14 million ($124.30 million), shrugging off recent claims by Muddy Waters that the company faced a high risk of insolvency.

But the short-seller was unimpressed with the results, keeping its "strong sell" rating on Olam shares while noting that some of the firm's debt-to-earnings indicators remained "dangerously high".

For the six months to December, Olam's net profit jumped 21.3 percent to S$197.32 million on revenue of S$9.60 billion, up 24.3 percent, the company said late Thursday.

Analysts from Malaysian bank CIMB said in a research note that "Olam delivered a decent set of results despite the distraction" by Muddy Waters which warned last year that the company faced a high risk of collapse.

"We are pleased with the overall results of the company," Olam chief executive Sunny Verghese said in a statement.

"We continue to see healthy growth rates in the food category and a recovery in the cotton business within the industrial raw materials segment."

Olam's shares were trading at S$1.655 on Friday afternoon, up 1.22 percent from the previous day's close, but still 4.9 percent down from levels before Muddy Waters' allegations were made.

Muddy Waters said it maintained its original thesis, first expressed in November, that Olam risked becoming insolvent because of high debt exposure and questionable accounting practices.

"Olam's main problems worsened in Q2 (second quarter)," Muddy Waters said.

"With Olam's bonds yielding approximately 7.0 percent to 8.0 percent -- which we feel is too low -- Olam's interest burden is not sustainable."

Muddy Waters last year likened Olam to US energy giant Enron, whose dramatic collapse in 2001 was triggered by US government probes into its accounting practices.

Olam angrily denied the allegations and hit back with a defamation suit while getting full support from its second-biggest shareholder, Singapore's investment firm Temasek Holdings.

Olam sources 44 products -- including cocoa, coffee, cashew, sesame, rice, and cotton -- from 65 countries and supplies them to more than 11,600 customers.

- AFP/xq



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Sri Lankan president's visit to India: Karunanidhi leads protest, Vaiko courts arrest

NEW DELHI/CHENNAI: Protests have broken out in Chennai and New Delhi against the visit of Sri Lanka President Mahinda Rajapaksa to India. Tamil groups have taken to the street demanding that the Sri Lanka president return to his country.

In Delhi, MDMK chief Vaiko has courted arrest after leading a protest opposing Rajapaksa's visit. In Chennai, DMK chief Karunanidhi is spearheading the agitation.

Rajapaksa is in India for a two-day personal visit during which he will offer prayers at Bodh Gaya and Tirupathi but will not engage with Indian leaders, PTI reported. Andhra Pradesh police have imposed tight security.

He would visit Bodh Gaya and Tirupathi and the visit was of a personal nature, the presidential officials said here.

Rajapaksa would not be visiting New Delhi, officials asserted, dismissing notions that the Sri Lankan president might engage some of the Indian leaders with a view to seek New Delhi's support on the US moved resolution against Sri Lanka at the next UN Human Rights Council sessions in March.

Sri Lankan forces had crushed Tamil rebels in May 2009 after nearly three decades of brutal fighting. The conflict claimed up to 1,00,000 lives, according to UN estimates, and both sides are accused of war crimes.

Sri Lanka while formulating an action plan for implementation maintained that most of the recommendations were already put in to effect.

At the UN Human Rights Council session last year the India-backed US sponsored resolution urged the Sri Lankan government to show progress on reconciliation.

Despite the private nature of the visit the Indian authorities have extended full security cooperation for the Sri Lankan President's visit, Prasad Kariyawasam, Sri Lanka's High Commissioner in India said.

"The president would be given full protection by the Indian authorities", Kariyawasam said.

Some groups in Chennai have been opposing the Rajapaksa visit and had urged the Indian government to cancel it.

(Inputs from PTI)

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Southern diet, fried foods, may raise stroke risk


Deep-fried foods may be causing trouble in the Deep South. People whose diets are heavy on them and sugary drinks like sweet tea and soda were more likely to suffer a stroke, a new study finds.


It's the first big look at diet and strokes, and researchers say it might help explain why blacks in the Southeast — the nation's "stroke belt" — suffer more of them.


Blacks were five times more likely than whites to have the Southern dietary pattern linked with the highest stroke risk. And blacks and whites who live in the South were more likely to eat this way than people in other parts of the country were. Diet might explain as much as two-thirds of the excess stroke risk seen in blacks versus whites, researchers concluded.


"We're talking about fried foods, french fries, hamburgers, processed meats, hot dogs," bacon, ham, liver, gizzards and sugary drinks, said the study's leader, Suzanne Judd of the University of Alabama in Birmingham.


People who ate about six meals a week featuring these sorts of foods had a 41 percent higher stroke risk than people who ate that way about once a month, researchers found.


In contrast, people whose diets were high in fruits, vegetables, whole grains and fish had a 29 percent lower stroke risk.


"It's a very big difference," Judd said. "The message for people in the middle is there's a graded risk" — the likelihood of suffering a stroke rises in proportion to each Southern meal in a week.


Results were reported Thursday at an American Stroke Association conference in Honolulu.


The federally funded study was launched in 2002 to explore regional variations in stroke risks and reasons for them. More than 20,000 people 45 or older — half of them black — from all 48 mainland states filled out food surveys and were sorted into one of five diet styles:


Southern: Fried foods, processed meats (lunchmeat, jerky), red meat, eggs, sweet drinks and whole milk.


—Convenience: Mexican and Chinese food, pizza, pasta.


—Plant-based: Fruits, vegetables, juice, cereal, fish, poultry, yogurt, nuts and whole-grain bread.


—Sweets: Added fats, breads, chocolate, desserts, sweet breakfast foods.


—Alcohol: Beer, wine, liquor, green leafy vegetables, salad dressings, nuts and seeds, coffee.


"They're not mutually exclusive" — for example, hamburgers fall into both convenience and Southern diets, Judd said. Each person got a score for each diet, depending on how many meals leaned that way.


Over more than five years of follow-up, nearly 500 strokes occurred. Researchers saw clear patterns with the Southern and plant-based diets; the other three didn't seem to affect stroke risk.


There were 138 strokes among the 4,977 who ate the most Southern food, compared to 109 strokes among the 5,156 people eating the least of it.


There were 122 strokes among the 5,076 who ate the most plant-based meals, compared to 135 strokes among the 5,056 people who seldom ate that way.


The trends held up after researchers took into account other factors such as age, income, smoking, education, exercise and total calories consumed.


Fried foods tend to be eaten with lots of salt, which raises blood pressure — a known stroke risk factor, Judd said. And sweet drinks can contribute to diabetes, the disease that celebrity chef Paula Deen — the queen of Southern cuisine — revealed she had a year ago.


The National Institute of Neurological Disorders and Stroke, drugmaker Amgen Inc. and General Mills Inc. funded the study.


"This study does strongly suggest that food does have an influence and people should be trying to avoid these kinds of fatty foods and high sugar content," said an independent expert, Dr. Brian Silver, a Brown University neurologist and stroke center director at Rhode Island Hospital.


"I don't mean to sound like an ogre. I know when I'm in New Orleans I certainly enjoy the food there. But you don't have to make a regular habit of eating all this stuff."


___


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


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Cop Shooting Rampage: Manhunt on Mountain













The truck owned and driven by suspected cop killer Christopher Dorner during his alleged rampage through the Los Angeles area was found deserted and in flames on the side of Bear Mountain, Calif., this afternoon -- with tracks in the snow leading away from the vehicle.


The San Bernadino Sheriff's Department confirmed the truck was Dorner's, but said at a news conference this evening that the tracks around the truck did not lead to him.


Personnel from several departments and teams of dogs continued to search the area near Big Bear Lake, about 80 miles east of Los Angeles, including door-to-door searches of cabins located there, officials said.


Dorner, a former Los Angeles police officer and Navy reservist, remained on the loose.


"He could be anywhere, at this point, and that's why we're searching door to door," San Bernardino County Sheriff John McMahon said.


He added that the search would continue as long as it was possible. However, a snowstorm was forecast for the area.


Dorner was believed to have killed one police officer and injured two others early this morning in Riverside, Calif. He was also accused of killing two civilians on Sunday. And he allegedly released an angry "manifesto" airing grievances against police and warning of coming violence toward cops.


Read More About Chris Dorner's Allegations Against the LAPD


Heavily armed officers spent much of Thursday searching for signs of Dorner, investigating multiple false leads into his whereabouts and broadcasting his license plate and vehicle description across the California Highway System.








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Around 12:45 p.m. PT, police responded to Bear Mountain, where two fires were reported, and set up a staging area in the parking lot of a ski resort. They did not immediately investigate the fires, but heavily armed SWAT team members eventually descended onto Bear Mountain from a helicopter manned with snipers to investigate and reached the truck.


Also today, CNN's Anderson Cooper said Dorner had sent him a package at his New York office that arrived on Feb. 1, though Cooper said he never knew about the package until today. It contained a DVD of court testimony, with a Post-It note signed by Dorner claiming, "I never lied! Here is my vindication."


It also contained a keepsake coin bearing the name of former Los Angeles Police Chief William J. Bratton that came wrapped in duct tape, Cooper said. The duct tape bore the note, "Thanks, but no thanks Will Bratton."


Bratton told Cooper on his program, "Anderson Cooper 360," that he believed he gave Dorner the coin as he was headed overseas for the Navy, Bratton's practice when officers got deployed abroad. Though a picture has surfaced of Bratton, in uniform, and Dorner, in fatigues, shaking hands, Bratton told Cooper he didn't recall Dorner or the meeting.


PHOTOS: Former LAPD Officer Suspected in Shootings


Police officers across Southern California were on the defensive today, scaling back their public exposure, no longer responding to "barking-dog calls" and donning tactical gear outdoors.


Police departments have stationed officers in tactical gear outside police departments, stopped answering low-level calls and pulled motorcycle patrols off the road in order to protect officers who might be targets of Dorner's alleged rampage.


"We've made certain modifications of our deployments, our deviations today, and I want to leave it at that, and also to our responses," said Chief Sergio Diaz of the police department in Riverside, Calif., where the officers were shot. "We are concentrating on calls for service that are of a high priority, threats to public safety, we're not going to go on barking dog calls today."


Sgt. Rudy Lopez of the Los Angeles Police Department said Dorner is "believed to be armed and extremely dangerous."


Early Thursday morning, before they believe he shot at any police officers, Dorner allegedly went to a yacht club near San Diego, where police say he attempted to steal a boat and flee to Mexico.


He aborted the attempted theft when the boat's propeller became entangled in a rope, law enforcement officials said. It was then that he is believed to have headed to Riverside, where he allegedly shot two police officers.


"He pointed a handgun at the victim [at the yacht club] and demanded the boat," said Lt. David Rohowits of the San Diego Police Department.


Police say the rifle marksman shot at four officers in two incidents overnight, hitting three of them: one in Corona, Calif., and the two in Riverside, Calif.






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Tunisian government dissolved after critic's killing causes fury


TUNIS (Reuters) - Tunisia's ruling Islamists dissolved the government and promised rapid elections in a bid to restore calm after the killing of an opposition leader sparked the biggest street protests since the revolution two years ago.


The prime minister's announcement late on Wednesday that an interim cabinet of technocrats would replace his Islamist-led coalition came at the end of a day which had begun with the gunning down of Chokri Belaid, a left-wing lawyer with a modest political following but who spoke for many who fear religious radicals are stifling freedoms won in the first of the Arab Spring uprisings.


During the day, protesters battled police in the streets of the capital and other cities, including Sidi Bouzid, the birthplace of the Jasmine Revolution that toppled Zine al-Abidine Ben Ali in January 2011.


In Tunis, the crowd set fire to the headquarters of Ennahda, the moderate Islamist party which won the most seats in an legislative election 16 months ago.


Calls for a general strike on Thursday could bring more trouble though Belaid's family said his funeral, another possible flashpoint, might not be held until Friday.


Prime Minister Hamdi Jebali of Ennahda spoke on television on Wednesday evening to declare that weeks of talks among the various political parties on reshaping the government had failed and that he would replace his entire cabinet with non-partisan technocrats until elections could be held as soon as possible.


It followed weeks of deadlock in the three-party coalition. The small, secular Congress for the Republic, whose leader Moncef Marzouki has served as Tunisia's president, threatened to withdraw unless Ennahda replaced some of its ministers.


Wednesday's events, in which the Interior Ministry said one police officer was killed, appeared to have moved Jebali, who will stay on as premier, to take action.


"After the failure of negotiations between parties on a cabinet reshuffle, I have decided to form a small technocrat government," he said.


"The murder of Belaid is a political assassination and the assassination of the Tunisian revolution," he said earlier.


It was not clear whom he might appoint but the move seemed to be widely welcomed and streets were mostly calm after dark.


A leader in the secular Republican Party gave Jebali's move a cautious welcome.


"The prime minister's decision is a response to the opposition's aspirations," Mouldi Fahem told Reuters. "We welcome it principle. We are waiting for details."


Beji Caid Essebsi, leader of the secular party Nida Touns, who was premier after the uprising, told Reuters: "The decision to form a small cabinet is a belated move but an important one."


DIVISIONS


The widespread protests following Belaid's assassination showed the depth of division between Islamists and secular movements fearful that freedoms of expression, cultural liberty and women's rights were under threat just two years after the popular uprising ended decades of Western-backed dictatorship.


"This is a black day in the history of modern Tunisia. Today we say to the Islamists, 'get out', enough is enough," said Souad, a 40-year-old schoolteacher outside the ministry.


"Tunisia will sink in blood if you stay in power."


Ennahda, like its fellow Islamists in Egypt's Muslim Brotherhood, benefited from a solid organization that survived repression by the old regime.


And as in Egypt, the Islamists have faced criticism from secular leaders that they are trying to entrench religious ideas in the new state. A constitution is still due to be agreed before a parliamentary election which had been expected by June.


Belaid, 48, was shot at close range as he left for work by a gunmen who fled on the back of a motorcycle. Within hours, crowds were battling police, hurling rocks amid volleys of tear gas in scenes reminiscent of clashes in Egypt last month.


World powers, increasingly alarmed at the extent of radical Islamist influence and the bitterness of the political stalemate, urged Tunisians to reject violence and see through the move to democracy they began two years ago, when their revolution ended decades of dictatorship and inspired fellow Arabs in Egypt and across North Africa and the Middle East.


As in Egypt, the rise to power of political Islam through the ballot box has prompted a backlash among less organized, more secular political movements in Tunisia. Belaid, who made a name for himself by criticizing Ben Ali, led a party with little electoral support but his vocal opinions had a wide audience.


The day before his death he was publicly lambasting a "climate of systematic violence". He had blamed tolerance shown by Ennahda and its two, smaller secularist allies in the coalition government toward hardline Salafists for allowing the spread of groups hostile to modern culture and liberal ideas.


On Wednesday, thousands demonstrated in cities including Mahdia, Sousse, Monastir and Sidi Bouzid, the cradle of the revolution, where police fired tear gas and warning shots at protesters who set cars and a police station on fire.


While Belaid's nine-party Popular Front bloc has only three seats in the constituent assembly, the opposition jointly agreed to pull its 90 or so members out of the body, which is acting as parliament and writing the new post-revolution charter. Ennahda and its fellow ruling parties have some 120 seats.


Since the uprising, Tunisia's new leaders have faced many protests over economic hardship and political ideas; many have complained that hardline Salafists may hijack the revolution.


Last year, Salafist groups prevented several concerts and plays from taking place in Tunisian cities, saying they violated Islamic principles. Salafists also ransacked the U.S. Embassy in September, during international protests over an Internet video.


The embassy issued a statement condemning Belaid's killing and urging justice for his killers: "There is no justification for this heinous and cowardly act," it said. "Political violence has no place in the democratic transition in Tunisia."


ECONOMIC TROUBLES


Declining trade with the crisis-hit euro zone has left the 11 million Tunisians struggling to achieve the better living standards many had hoped for following Ben Ali's departure.


Its compact size, relatively skilled workforce and close ties with former colonial power France and other European neighbors across the Mediterranean has raised hopes that Tunisia can set an example of economic progress for the region.


Lacking the huge oil and gas resources of North African neighbors Libya and Algeria, Tunisia counts tourism as a major currency earner and further unrest could scare off visitors vital to an industry only just recovering from the revolution.


Jobless graduate Mohamed Bouazizi set himself on fire in December 2010 in the city, 300 km (180 miles) southwest of Tunis, after police confiscated his unlicensed fruit cart, triggering the uprising that forced Ben Ali to flee to Saudi Arabia less than a month later, on January 14, 2011.


President Moncef Marzouki, who last month warned the tension between secularists and Islamists might lead to "civil war", cancelled a visit to Egypt scheduled for Thursday and cut short a trip to France, where he addressed the European Parliament.


"There are political forces inside Tunisia that don't want this transition to succeed," Marzouki said in Strasbourg. "When one has a revolution, the counter revolution immediately sets in because those who lose power - it's not only Ben Ali and his family - are the hundreds of thousands of people with many interests who see themselves threatened by this revolution."


Belaid, who died in hospital, said this week dozens of people close to the government had attacked a Popular Front group meeting in Kef, northern Tunisia, on Sunday. He had been a constant critic of the government, accusing it of being a puppet of the rulers of wealthy Gulf emirate Qatar.


DENIES INVOLVEMENT


Human Rights Watch called his murder "the gravest incident yet in a climate of mounting violence".


Ennahda leader Rached Ghannouchi denied any involvement by his party in the killing.


"Is it possible that the ruling party could carry out this assassination when it would disrupt investment and tourism?" Ghannouchi told Reuters.


He blamed those seeking to derail Tunisia's democratic transition: "Tunisia today is in the biggest political stalemate since the revolution. We should be quiet and not fall into a spiral of violence. We need unity more than ever," he said.


He accused opponents of stirring up sentiment against his party following Belaid's death. "The result is burning and attacking the headquarters of our party in many areas," he said.


Witnesses said crowds had also attacked Ennahda offices in Sousse, Monastir, Mahdia and Sfax.


French President Francois Hollande said he was concerned by the rise of violence in Paris's former dominion, where the government says al Qaeda-linked militants linked to those in neighboring countries have been accumulating weapons with the aim of creating an Islamic state across North Africa.


"This murder deprives Tunisia of one of its most courageous and free voices," Hollande's office said in a statement.


(Additional reporting by John Irish in Paris; Writing by Alison Williams and Alastair Macdonald; Editing by Giles Elgood)



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Google boosts mobile ad campaigns






SAN FRANCISCO: Google began letting businesses target mobile ads based on how close smartphone users might be to shops or what they might be craving at certain times of day.

Google began upgrading its AdWords service with "enhanced campaigns" for advertisers trying to better connect with people accessing the Internet on the move with smartphones or tablet computers.

"People are constantly connected and moving from one device to another to communicate, shop and stay entertained," Google senior vice president of engineering Sridhar Ramaswamy said in a blog post.

"Enhanced campaigns help you reach people with the right ads, based on their context like location, time of day and device type."

For example, a breakfast cafe interested in reaching people searching for "coffee" on smartphones could arrange to bid higher for people within close distance and less for queries made after noon.

AdWords uses a bidding process to determine which advertisements are posted along with results for specified query terms. Modern smartphones and tablets are built with location-sensing technology that users can activate.

Ads shown to smartphone users could be customized with one-touch calling options or map directions, while the same merchant would provide a shopping website link to people browsing online from a desktop computer.

AdWords also lets merchants track how often ads lead to telephone calls.

The upgrade comes as modern lifestyles increasingly revolve around staying connected to the Internet with smartphones or tablet computers.

- AFP/al



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Suryanelli gang-rape case rocks Kerala assembly again, House adjourned

THIRUVANANTHAPURAM: The CPM-led LDF opposition forced the adjournment of the Kerala assembly on Thursday over alleged police excess against women MLAs demanding re-investigation of charges against Rajya Sabha deputy chairman PJ Kurien in the Suryanelli gang-rape case.

Though chief minister Oommen Chandy announced that the government was prepared for a judicial inquiry into the police action on CPI MLAs ES Bijimol and Geetha Gopi on Wednesday, opposition leader VS Achuthanandan insisted on immediate suspension of the "erring" police personnel.

Chandy, quoting ADGP's report and video visuals on the incident, said though nothing could be found in them to take instant action against police officials, considering the seriousness of the incident government was ready for a judicial probe.

After heated exchanges during the zero hour, rejecting the government's stand slogan-shouting opposition members, including women MLAs, rushed to the well of the House. Four of the women MLAs even scaled the speaker's podium and kept on chanting "we want justice and protection."

Speaker G Karthikeyan then rushed through the rest of the business and adjourned the House hours ahead of the day's schedule.

This was the third day that the LDF was disrupting proceedings in connection with the alleged involvement of Kurien in the Suryanelli case.The opposition has been pressing for a further investigation in the case in the wake of the victim sticking to her charge against Kurien.

Kurien has all along rejected the charge and the demand for his resignation, saying it was a matter which had already been cleared by the Supreme Court.

The Leftist women outfits on Wednesday held a protest over the issue in front of the assembly and some agitators, including Bijimol and Geetha Gopi, were allegedly roughed up by police. The two MLAs have been hospitalised.

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New whooping cough strain in US raises questions


NEW YORK (AP) — Researchers have discovered the first U.S. cases of whooping cough caused by a germ that may be resistant to the vaccine.


Health officials are looking into whether cases like the dozen found in Philadelphia might be one reason the nation just had its worst year for whooping cough in six decades. The new bug was previously reported in Japan, France and Finland.


"It's quite intriguing. It's the first time we've seen this here," said Dr. Tom Clark of the Centers for Disease Control and Prevention.


The U.S. cases are detailed in a brief report from the CDC and other researchers in Thursday's New England Journal of Medicine.


Whooping cough is a highly contagious disease that can strike people of any age but is most dangerous to children. It was once common, but cases in the U.S. dropped after a vaccine was introduced in the 1940s.


An increase in illnesses in recent years has been partially blamed on a version of the vaccine used since the 1990s, which doesn't last as long. Last year, the CDC received reports of 41,880 cases, according to a preliminary count. That included 18 deaths.


The new study suggests that the new whooping cough strain may be why more people have been getting sick. Experts don't think it's more deadly, but the shots may not work as well against it.


In a small, soon-to-be published study, French researchers found the vaccine seemed to lower the risk of severe disease from the new strain in infants. But it didn't prevent illness completely, said Nicole Guiso of the Pasteur Institute, one of the researchers.


The new germ was first identified in France, where more extensive testing is routinely done for whooping cough. The strain now accounts for 14 percent of cases there, Guiso said.


In the United States, doctors usually rely on a rapid test to help make a diagnosis. The extra lab work isn't done often enough to give health officials a good idea how common the new type is here, experts said.


"We definitely need some more information about this before we can draw any conclusions," the CDC's Clark said.


The U.S. cases were found in the past two years in patients at St. Christopher's Hospital for Children in Philadelphia. One of the study's researchers works for a subsidiary of Johnson & Johnson, which makes a version of the old whooping cough vaccine that is sold in other countries.


___


JournaL: http://www.nejm.org


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Armstrong May Testify Under Oath on Doping













Facing a federal criminal investigation and a deadline that originally was tonight to tell all under oath to anti-doping authorities or lose his last chance at reducing his lifetime sporting ban, Lance Armstrong now may cooperate.


His apparent 11th-hour about-face, according to the U.S. Anti Doping Agency (USADA), suggests he might testify under oath and give full details to USADA of how he cheated for so long.


"We have been in communication with Mr. Armstrong and his representatives and we understand that he does want to be part of the solution and assist in the effort to clean up the sport of cycling," USADA CEO Travis T. Tygart said in a written statement this evening. "We have agreed to his request for an additional two weeks to work on details to hopefully allow for this to happen."


Neither Armstrong nor his attorney responded to emails seeking comment on the USADA announcement.


The news of Armstrong's possible and unexpected cooperation came a day after ABC News reported he was in the crosshairs of federal criminal investigators. According to a high-level source, "agents are actively investigating Armstrong for obstruction, witness tampering and intimidation" for allegedly threatening people who dared tell the truth about his cheating.








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The case was re-ignited by Armstrong's confession last month to Oprah Winfrey that he doped his way to all seven of his Tour de France titles, telling Winfrey he used performance-enhancing drugs throughout his career and then lied about it. He made the confession after years of vehement denials that he cheated.


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If charges are ultimately filed, the consequences of "serious potential crimes" could be severe, ABC News legal analyst Dan Abrams said -- including "possible sentences up to five, 10 years."


Investigators are not concerned with the drug use, but Armstrong's behavior in trying to maintain his secret by allegedly threatening and interfering with potential witnesses.


Armstrong was previously under a separate federal investigation that reportedly looked at drug distribution, conspiracy and fraud allegations -- but that case was dropped without explanation a year ago. Sources at the time said that agents had recommended an indictment and could not understand why the case was suddenly dropped.


"There were plenty of people, even within federal law enforcement, who felt like he was getting preferential treatment," said T.J. Quinn, an investigative reporter with ESPN.


The pressures against Armstrong today are immense and include civil claims that could cost him tens of millions of dollars.


Armstrong is currently serving a lifetime ban in sport handed down by the U.S. Anti-Doping Agency, and today was the deadline he was given to cooperate under oath if he ever wanted the ban lifted.


READ MORE: 10 Scandalous Public Confessions


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ABC News' Michael S. James contributed to this report.



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Stabbing at Ecuador campaign rally not politically motivated: Correa


QUITO (Reuters) - A knife attack in Ecuador that killed two government supporters was perpetrated by a man under the influence of drugs and alcohol and was not politically motivated, President Rafael Correa said on Tuesday.


The man killed two Correa supporters and injured five more at a campaign rally on Monday, about two weeks before a presidential election that the leftist leader is expected to win comfortably.


"There is no indication that this attack may have been politically motivated. It was a person who was temporarily insane and stabbed the people that he found in his way," Correa said at a press conference in Quito. "This person was under the influence of drugs and alcohol."


A 40-year-old man with a criminal record who had spent time at a drug rehab center was detained shortly after the attack and is in police custody.


Correa said that five people were injured, one more than the number previously given by authorities.


Such incidents are exceedingly rare in Ecuadorean political campaigns despite historically volatile politics in which presidents have been toppled during street protests.


It was the first significant act of violence in a presidential race that officially started on January 4.


In a chilling video broadcast on local TV networks, a man could be seen breaking through a rally of a few hundred Correa sympathizers and attacking them with a large knife. Dozens ran for their lives while some men tried to stop the attacker.


Correa said police at the event were caught off guard. He said the attack lasted less than 20 seconds.


The incident occurred ahead of a campaign rally in Quininde, a town in the western Esmeraldas province. The event was canceled following the attack and Correa suspended his campaign on Tuesday in solidarity with the victims.


Correa, an ally of socialist Venezuelan leader Hugo Chavez, is expected to win the February 17 vote. Polls give him between 50 percent and 60 percent of votes, at least 30 percentage points ahead of his nearest rival, Guillermo Lasso, a former banker.


The president is very popular in urban shanty towns and rural areas, where millions have seen their livelihoods improved thanks to record spending in roads, hospitals and schools.


(Writing By Eduardo Garcia; Editing by Stacey Joyce)



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