Pfizer’s Profit Jumps on Sale of Nutrition Business

Pfizer Inc.'s fourth-quarter profit more than quadrupled, despite competition from generic drugs hurting sales of Lipitor and other medicines, because of a $4.8 billion gain from selling its nutrition business. The drugmaker's profit and sales both beat Wall Street expectations.

The world's biggest drugmaker said Tuesday that its net income was $6.32 billion, or 85 cents per share, up from $1.44 billion, or 19 cents per share, a year earlier.

Excluding the windfall from selling its nutrition business to Nestle SA for $11.5 billion on Nov. 30, and a total of $888 million for restructuring, legal and other one-time items, the Viagra maker would have had a profit of $3.51 billion, or 47 cents per share. That's 3 cents more than analysts surveyed by FactSet were expecting.

In early trading, the New York-based company's shares rose 26 cents, or 1 percent, to $27.10.

Revenue fell 7 percent to $15.1 billion, mainly due to generic competition to cholesterol blockbuster Lipitor. Analysts expected $14.35 billion.

"Overall, a good quarter driven by the revenue beat," BernsteinResearch analyst Dr. Timothy Anderson wrote to investors, calling Pfizer's 2013 financial forecast "a bit underwhelming."

Pfizer said it expects 2013 earnings per share of $2.20 to $2.30, excluding one-time items, and revenue of $56.2 billion to $58.2 billion. Analysts are expecting $2.28 per share and revenue of $57.55 billion.

Lipitor, which had reigned as the world's top-selling drug ever for nearly a decade, got U.S. generic competition in December 2011 and now has generic rivals in many major markets. The pill had been bringing Pfizer nearly $11 billion a year before then, down from its peak of $13 billion a year.

In the fourth quarter, Lipitor sales plunged 91 percent in the U.S. and 71 percent worldwide, to $584 million. A dozen other medicines also had lower sales due to generic competition.

Altogether, generic competition reduced prescription drug revenue by more than $2.1 billion. Unfavorable currency exchange rates lopped off another 2 percent, or $271 million.

However, several key newer drugs had double-digit sales increases, including fibromyalgia and pain treatment Lyrica, at $1.13 billion, painkiller Celebrex at $750 million, and the Prevnar 13 vaccine against meningitis and other pneumococcal infections, at $993 million. Viagra was up 6 percent at $553 million.

Altogether, Pfizer's prescription drug revenue fell 9 percent in the quarter, to $12.89 billion. The division was led by sales of primary-care medicines, which totaled $3.83 billion. Still, that was down 29 percent as Lipitor's sales in the two biggest markets, the U.S. and Japan, where shifted into the established products category. That segment, which markets off-patent drugs still popular in many countries, posted a 3 percent rise in revenue, to $2.37 billion.

Specialty products, such as Enbrel for psoriasis and rheumatoid arthritis, and hemophilia treatments Refacto AF and Benefix, had revenue dip 4 percent, to a combined $3.67 billion. Sales in emerging markets such as China and India jumped 17 percent, to $2.65 billion, while sales of cancer drugs, a newer focus for Pfizer, rose 9 percent to $370 million.

The animal health business saw revenue increase 6 percent, to $1.17 billion. Pfizer is set to sell about a 20 percent share in the business, called Zoetis, in an initial public offering on Friday.

The consumer health business saw revenue jump 16 percent, to $936 million, due to strong growth of Advil pain reliever and Centrum vitamins.

He said Pfizer will soon launch two new medicines, rheumatoid arthritis treatment Xeljanz and — with partner Bristol-Myers Squibb Co. — potential blockbuster Eliquis, for preventing heart attacks and dangerous clots in patients with the irregular heartbeat atrial fibrillation. CEO Ian Read said Pfizer's mid- to late-stage drug pipeline "continues to strengthen with key potential opportunities," including drugs for advanced breast cancer and three other types of cancer, one for high cholesterol and a meningococcal B vaccine for adolescents and young adults.

For the full year, net income was $14.57 billion, or $1.94 per share. That was down from $10.01 billion, or $1.27 per share, in 2011. Revenue totaled $58.99 billion, down 10 percent from $65.26 billion in 2011, before generic competition slashed sales of Lipitor and schizophrenia drug Geodon.

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'Argo' producer scours for the next stranger-than-fiction story

Hunched over a desk in his spartan Westwood apartment, David Klawans squints at his computer monitor and knits his brow in concentration. "I'm perusing," he says.

His eyes dart between headlines almost indecipherable on a Web page displaying about 800 stamp-sized images of newspapers from 90 different countries.

"Two kids running? What's that?" he exclaims before clicking on a photo. "Oh, it's refugees. Whatever. Moving on."

SAG 2013: Winners | Quotes | Photo Booth | Red carpet | Backstage | Best & Worst

Nearly every day, for upward of 10-hour stretches, the independent film producer speed-reads police blogs, articles from RSS feeds and niche-interest journals in dogged pursuit of an elusive prize: a story on which to base his next movie.

His biggest hit to date is "Argo." Before the film landed seven Oscar nominations (including one for best picture) and two Golden Globes (including best drama picture), before it generated more than $180 million in worldwide grosses, "Argo" existed as a declassified story in the quarterly CIA journal Studies in Intelligence, which Klawans happens to have been perusing one day in 1998.

"It's like going on the beach with a metal detector," the self-described news junkie says of his process. "Like Kanye West looks through records to sample on his songs, I'm looking for stories to turn into films."

Klawans, 44, has established himself as Hollywood's least likely movie macher by heeding the advice of his mentor, the old-school producer David Brown ("Jaws," "A Few Good Men"): "Read everything you can get your hands on."

Indefatigable in his quest to root out oddball, overlooked true-life stories, Klawans spins material most others ignore into cinematic gold.

OSCAR WATCH: "ARGO"

"Argo" took nearly 14 years to reach the big screen after Klawans read about CIA exfiltration expert Tony Mendez's rescue of six American diplomats hiding in Tehran during the 1979 Iran hostage crisis. Mendez (portrayed in the movie by "Argo's" director, Ben Affleck) posed the group as Canadian filmmakers scouting locations for a science-fiction film, created a fictitious production company and planted articles about the bogus project in Hollywood trade papers.

Throughout the '90s Klawans was scraping by as a production assistant for an L.A.-based Japanese TV commercial firm. He didn't own a car, so he bicycled to UCLA's magazine archive to check the story. In microfiche files, he came across the CIA's planted articles in the Hollywood Reporter and Variety from January 1980. "My jaw dropped," he says.

Problem was, Mendez already had representation at Creative Artists Agency and was preparing to publish a memoir, "The Master of Disguise." Even so, Klawans persuaded Mendez to let him attempt to set up a movie project. He eventually bought the rights to Mendez's life story as well.

OSCARS 2013: Nominations

"I'm cycling to pitch meetings wearing a backpack with a change of clothes. It's summertime and I'm sweating. And I'm getting to know studio security. They call me 'bike boy,'" remembers Klawans, who would switch from bike to business attire outside the studio gates. "I would basically throw my backpack behind a bush — I was embarrassed to look like a messenger guy."

The New York University film school graduate was born in Chicago. His family moved to Belgium when he was 2 and he grew up in Europe and the U.S. consuming a steady diet of sci-fi and fantasy films including "Star Wars."

He came close to setting up the "Argo" project as a cable TV movie. But when that deal fell through, Klawans says, "it hit me that Tony had planted stories in Variety and Hollywood Reporter as a cover. For the CIA, it's all about illusions and perception. I thought, 'That's what I'm going to do. I'm going to plant an "Argo" story in a magazine.'"

The producer had met former L.A. Weekly staff writer and "This American Life" contributor Joshuah Bearman through friends who thought the two shared an appreciation for offbeat material. Bearman also had experience turning a magazine story into a movie; an article he reported for Harper's became the 2007 documentary "The King of Kong: A Fistful of Quarters," about two die-hard video game players vying for the world's highest score in the vintage arcade game "Donkey Kong."

Klawans handed over his research and contacts to Bearman and proposed that the journalist write "Argo" as a magazine article that would entice movie backers.

Bearman landed an assignment from Wired magazine, then interviewed everyone he could: Mendez, officials in the State Department with knowledge of the exfiltration and Ken Taylor, the Canadian ambassador to Iran who housed some of the fugitive American diplomats, as well as the six embassy "houseguests."

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The Power of Paying: What Consumer Hotshots Can Learn From Corporate Drudges

Sometimes these days interoperability seems like a lost cause in the technology world. Twitter has been making life hard for startups that make Twitter clients; Facebook has been making life equally hard for Twitter; and Google is preventing anyone else from adding content to its own social network, Google+.

But even as the aforementioned advertising-driven companies have made life hard for developers, enterprise companies have proven that software interfaces for web interoperability can be reliable and robust – powerful enough, even, to build a company on.

Leading the charge has been Amazon, whose web services and software interfaces, or APIs, have emerged as key startup building blocks. Amazon’s S3 storage service and EC2 virtual server service have been like the polar opposite of the Twitter API: Steady where Twitter has been unpredictable, scalable where Twitter has imposed tight limits, and open ended where Twitter has been closed.

But the biggest and most obvious difference between the constrictive Twitter API and the empowering Amazon API is this: The former is free, while the latter costs money. In other words, paying Amazon up front can actually reduce costs long term compared to a free API like Twitter’s, since there’s less volatility and risk in the API itself. (A fair number of startups who bet big on the Twitter API are now cursing the decision, as Wired has documented previously.)

Amazon is hardly the only example of how it pays to bet on software interfaces with a solid revenue stream behind them. Salesforce.com, for example does brisk business with its paid platform cloud Heroku and with its App Exchange, which sells software that runs on its paid core customer relationship management offering. Even Apple’s iOS app store, while essentially free for developers, illustrates how much money can be made writing for a platform that serves paying customers.

“In the consumer world, API’s are usually driven by companies who also have their own direct-to-consumer offering, and thus there is inherent potential conflict in them leveraging their data and user base versus enabling others,” says Matt Murphy, a general partner at Kleiner Perkins Caufield & Byers who has overseen the venture capital firm’s mobile-focused iFund.

Outside of the consumer world, the case for providing a robust API is more clear-cut. Murphy cited as on example of this Twilio, which offers a paid API to connect applications to phone services like text messages, recorded information lines, and conference calls.

Companies like Twilio that make lots of revenue offering software interfaces have an incentive to maintain and improve those interfaces and to keep those interfaces open and running smoothly. That means building on such interfaces is safer, as a rule.

“You need to be mindful of the competitive dynamics,” says Paul Buchheit, a former Google engineer whose startup FriendFeed built on APIs from Facebook, Twitter, Flickr, and others. “The simplest question to ask is if the platform is the product, or if it exists mainly to support another product. The Amazon Web Services platform is the product, and so it’s unlikely that Amazon would do anything to harm the platform. However, in the case of Twitter, the platform is just a feature, and so they will do whatever they believe is best for the core Twitter product, even if that means killing the platform.”

“iOS is kind of in the in-between space of platform as product and platform as feature, and the obviously exercise much more control than Amazon does. I’d be very wary of building an iOS app that somehow competes with Apple, for example.”

Of course, paying customers don’t guarantee a software interface is reliable, just nor does a lack thereof mean a software interface is flaky. Google’s App Engine, for example, offers a paid API that has been criticized as unreliable and constrictive.

GitHub, meanwhile, has built an innovative business around the native API of the free, open-source software revision tracker git.

As a general guideline, however, you can safely assume that if you’re not paying money for an API now, there’s a good chance you’ll be paying, somehow, for your usage later.

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“Argo” boosts Oscar chances with two weekend award

LOS ANGELES (Reuters) – Iran hostage drama “Argo” won its second big award in two days on Sunday, boosting its chances of winning a best picture Oscar next month in a race that had been considered wide open.

“Argo” won best cast ensemble, the top prize, at the Screen Actors Guild Awards, while Daniel Day-Lewis and Jennifer Lawrence took lead acting honors.

On Saturday, “Argo” won the Producers Guild Award – a key measure of Hollywood sentiment – beating “Lincoln,” “Les Miserables,” and “Silver Linings Playbook,” which are all Academy Award best picture contenders.

“There was absolutely no way I thought we would win this award,” the film’s director and star, Ben Affleck, told reporters backstage after the SAG win. “Argo” is the true story of the rescue of U.S. diplomats stranded in Tehran after the 1979 Islamic Revolution.

Asked about his movie’s Oscar chances, Affleck said he was not in the business of “handicapping or trying to divine what’s going to happen down the road.”

“I don’t know what’s going to happen, nothing may happen, but it’s a wonderful opportunity to be on the ride,” Affleck added.

The Screen Actors Guild (SAG) ceremony is among the most-watched during Hollywood’s awards season because actors make up the largest voting group in the Academy of Motion Picture Arts and Sciences, which chooses the Oscar winners. The SAG honors are selected by about 100,000 actors working in the United States.

SAG prizes acting over directing, screenplay writing and other skills that usually factor into the Oscar best picture choice.

PLAYING DOWN OSCAR HOPES

British-born Day-Lewis, who has picked up a slew of awards for his intense portrayal of U.S. President Abraham Lincoln’s efforts to abolish slavery in “Lincoln,” confirmed his status as front-runner for what would be his record third Oscar on February 24.

But the actor played down his Oscar hopes backstage. “Members of the academy love surprises, so about the worst thing that can happen to you is if you’ve built up an expectation,” Day-Lewis told reporters.

Accepting his award on stage to a standing ovation, he recalled that “it was an actor that murdered Abraham Lincoln and, therefore, it is sometimes only fitting that, now and then, an actor tries to bring him back to life again.”

In one of the most closely contested categories, Lawrence, 22, was chosen best lead actress for playing an outspoken young widow in “Silver Linings Playbook” over Jessica Chastain’s feisty CIA agent in Osama bin Laden thriller “Zero Dark Thirty.”

Tommy Lee Jones, 66, won the best supporting actor trophy for his turn as radical Congressman Thaddeus Stevens in “Lincoln,” beating strong competition from Robert De Niro, who played a gruff father in “Silver Linings Playbook.”

Anne Hathaway, 30, won her first SAG award for her supporting role as the tragic Fantine in musical “Les Miserables.”

“I got my SAG card when I was 14 … And I have loved every single minute of my life as an actor,” said Hathaway, accepting the statuette.

SAG also handed out awards for performances in TV dramas, comedies and mini-series, and gave a lifetime achievement award to actor Dick Van Dyke.

In TV drama, the British cooks and countesses period show “Downton Abbey” won best ensemble cast. “Breaking Bad” star Bryan Cranston was named best actor and “Homeland’s” Claire Danes best actress.

“Modern Family” won the best comedy cast ensemble award for a third consecutive time. Alec Baldwin won best TV comedy actor for the 8th time for his role as an egotistical executive in “30 Rock” and his co-star Tina Fey took the honors for comedy actress ahead of the show’s final episode on Thursday.

(Additional reporting by Alex Dobuzinskis, editing by Stacey Joyce)

Movies News Headlines – Yahoo! News

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Well: Keeping Blood Pressure in Check

Since the start of the 21st century, Americans have made great progress in controlling high blood pressure, though it remains a leading cause of heart attacks, strokes, congestive heart failure and kidney disease.

Now 48 percent of the more than 76 million adults with hypertension have it under control, up from 29 percent in 2000.

But that means more than half, including many receiving treatment, have blood pressure that remains too high to be healthy. (A normal blood pressure is lower than 120 over 80.) With a plethora of drugs available to normalize blood pressure, why are so many people still at increased risk of disease, disability and premature death? Hypertension experts offer a few common, and correctable, reasons:

¶ About 20 percent of affected adults don’t know they have high blood pressure, perhaps because they never or rarely see a doctor who checks their pressure.

¶ Of the 80 percent who are aware of their condition, some don’t appreciate how serious it can be and fail to get treated, even when their doctors say they should.

¶ Some who have been treated develop bothersome side effects, causing them to abandon therapy or to use it haphazardly.

¶ Many others do little to change lifestyle factors, like obesity, lack of exercise and a high-salt diet, that can make hypertension harder to control.

Dr. Samuel J. Mann, a hypertension specialist and professor of clinical medicine at Weill-Cornell Medical College, adds another factor that may be the most important. Of the 71 percent of people with hypertension who are currently being treated, too many are taking the wrong drugs or the wrong dosages of the right ones.

Dr. Mann, author of “Hypertension and You: Old Drugs, New Drugs, and the Right Drugs for Your High Blood Pressure,” says that doctors should take into account the underlying causes of each patient’s blood pressure problem and the side effects that may prompt patients to abandon therapy. He has found that when treatment is tailored to the individual, nearly all cases of high blood pressure can be brought and kept under control with available drugs.

Plus, he said in an interview, it can be done with minimal, if any, side effects and at a reasonable cost.

“For most people, no new drugs need to be developed,” Dr. Mann said. “What we need, in terms of medication, is already out there. We just need to use it better.”

But many doctors who are generalists do not understand the “intricacies and nuances” of the dozens of available medications to determine which is appropriate to a certain patient.

“Prescribing the same medication to patient after patient just does not cut it,” Dr. Mann wrote in his book.

The trick to prescribing the best treatment for each patient is to first determine which of three mechanisms, or combination of mechanisms, is responsible for a patient’s hypertension, he said.

¶ Salt-sensitive hypertension, more common in older people and African-Americans, responds well to diuretics and calcium channel blockers.

¶ Hypertension driven by the kidney hormone renin responds best to ACE inhibitors and angiotensin receptor blockers, as well as direct renin inhibitors and beta-blockers.

¶ Neurogenic hypertension is a product of the sympathetic nervous system and is best treated with beta-blockers, alpha-blockers and drugs like clonidine.

According to Dr. Mann, neurogenic hypertension results from repressed emotions. He has found that many patients with it suffered trauma early in life or abuse. They seem calm and content on the surface but continually suppress their distress, he said.

One of Dr. Mann’s patients had had high blood pressure since her late 20s that remained well-controlled by the three drugs her family doctor prescribed. Then in her 40s, periodic checks showed it was often too high. When taking more of the prescribed medication did not result in lasting control, she sought Dr. Mann’s help.

After a thorough work-up, he said she had a textbook case of neurogenic hypertension, was taking too much medication and needed different drugs. Her condition soon became far better managed, with side effects she could easily tolerate, and she no longer feared she would die young of a heart attack or stroke.

But most patients should not have to consult a specialist. They can be well-treated by an internist or family physician who approaches the condition systematically, Dr. Mann said. Patients should be started on low doses of one or more drugs, including a diuretic; the dosage or number of drugs can be slowly increased as needed to achieve a normal pressure.

Specialists, he said, are most useful for treating the 10 percent to 15 percent of patients with so-called resistant hypertension that remains uncontrolled despite treatment with three drugs, including a diuretic, and for those whose treatment is effective but causing distressing side effects.

Hypertension sometimes fails to respond to routine care, he noted, because it results from an underlying medical problem that needs to be addressed.

“Some patients are on a lot of blood pressure drugs — four or five — who probably don’t need so many, and if they do, the question is why,” Dr. Mann said.

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Little Change on Wall Street

Wall Street stocks opened flat on Monday despite strong economic data and earnings results from Caterpillar, after a rally last week that took the Standard & Poor’s 500-stock index above 1,500 for the first time in more than five years.

The S.&P. 500 was off about a point in early trading, the Dow Jones industrial average gained 4 points, and the Nasdaq composite index added 0.1 percent.

Caterpillar, a Dow component, rose 2.5 percent after it reported adjusted fourth-quarter earnings that beat expectations, though revenue was slightly below forecasts. The heavy machinery maker also said it remained cautious on the economy despite recent improvements.

“You can’t find more of a global bellwhether than Cat, and people are pleased with the number, which suggests there could be less concern about slowing growth in China after this,” said Wayne Kaufman, chief market analyst at John Thomas Financial in New York.

Thomson Reuters data through Friday showed that of the 147 S.&P. 500 companies that have reported earnings so far, 68 percent exceeded expectations. Since 1994, an average of 62 percent of companies have topped expectations, while the average over the past four quarters stands at 65 percent.

A strong start to the earnings season has bolstered equities, with major averages rising for four straight weeks. The S.&P. has gained for eight straight days, its longest winning streak in eight years, and closed at its highest since Dec. 10, 2007. The Dow ended at its highest since Oct. 31, 2007.

The S.&P. 500 is about 4.1 percent away from its all-time closing high of 1,565.15 on Oct. 9, 2007.

The Commerce Department said Monday that orders for durable goods jumped 4.6 percent in December, a pace that far outstripped expectations for a rise of 1.8 percent.

“We continue to have a parade of better-than-expected economic reports. All in all, it’s a good picture. I think there’s a good chance we’ve reached a point of recognition where people don’t think the economy will crater,” Mr. Kaufman said.

In addition to a push from earnings, equities have also risen on an agreement in Washington to extend the government’s borrowing power. On Monday, Fitch Ratings said that agreement removed the near-term risk to the country’s AAA rating. Previously, the agency said the lack of an agreement would prompt a review of the sovereign rating.

Keryx Biopharmaceuticals said a late-stage trial of its experimental kidney disease drug met the main study goal of reducing phosphate levels in blood, sending shares up 41 percent.

In Europe, stocks were generally ahead in afternoon trading.

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Death toll in Brazil nightclub fire hits 245

BRASILIA, Brazil—

A fire swept through a crowded nightclub in southern Brazil early Sunday, killing at least 245 people and leaving at least 200 injured, police and firefighters said.

Police Maj. Cleberson Braida told local news media that the 245 bodies were brought for identification to a gymnasium in the city of Santa Maria.

That toll would make it one of the deadliest nightclub fires more than a decade.

The cause of the fire is not yet known, officials said. Officials earlier put the death toll at 180.

Civil Police and regional government spokesman Marcelo Arigoni told Radio Gaucha earlier that the total number of victims is still unclear and there may be hundreds injured,

The newspaper Diario de Santa Maria reported that the fire started at around 2 a.m. at the Kiss nightclub in the city at the southern tip of Brazil, near the borders with Argentina and Uruguay.

Rodrigo Moura, whom the paper identified as a security guard at the club, said it was at its maximum capacity of between 1,000 and 2,000, and partygoers were pushing and shoving to escape.

Ezekiel Corte Real, 23, was quoted by the paper as saying that he helped people to escape. “I just got out because I'm very strong,” he said.

“Sad Sunday”, tweeted Tarso Genro, the governor of the southern state of Rio Grande do Sul. He said all possible action was being taken and that he would be in the city later in the day.

Santa Maria is a major university city with a population of around a quarter of a million.

A welding accident reportedly set off a Dec. 25, 2000, fire at a club in Luoyang, China, killing 309.

At least 194 people died at an overcrowded working-class nightclub in Buenos Aires, Argentina, in 2004.

A blaze at the Lame Horse nightclub in Perm, Russia, broke out on Dec. 5, 2009, when an indoor fireworks display ignited a plastic ceiling decorated with branches, killing 152

A nightclub fire in the U.S. state of Rhode Island in 2003 killed 100 people after pyrotechnics used as a stage prop by the 1980s rock band Great White set ablaze cheap soundproofing foam on the walls and ceiling.

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Lace 'Em Up: 4 Running Shoes Reviewed

Hitting the streets to get fit by spring? We review four new specialty sneakers for runners.

Adidas' Adizero Feather 2.0 runners are so light (barely 7 ounces) and so responsive, running in them feels more like bouncing on fluffy clouds than pounding on pavement. OK, I'm exaggerating, but I was really blown away by the light weight when I took them out on long-distance runs. So effective was the feather-weight design on a 5-mile outing, I could actually notice the reduced effort in my legs.

The shoe is topped with a barely-there breathable mesh that runs from the toes all the way back to the heel. Ventilation is therefore excellent, with a constant flow of cool air delivered directly to your piggies. And, unlike most shoes that make use of fancy, lightweight materials, they're actually quite sturdy.

These sneaks are compatible with Adidas' miCoach data reporting system and its companion apps. So if you already have a miCoach Speed_Cell sensor, just lift up the shoe's insert and pop it in (You can also attach the sensor to your laces). The sensor can be synced with your iPhone to track your speed, acceleration, distance, and pace during runs.

The only problem is that the miCoach system needs some work, including the inconsistent syncing and the iPhone app's interface. If you're used to the Nike+ app, you'll be struggling to work your way through using Adidas' lesser creation. That said, it's an add-on to the shoe and not a primary feature, so miCoach's shortcomings don't detract from the sneaker's quality.

WIRED Obscenely light at only 7 ounces. Flexible mesh upper keeps your tootsies cool and dry. Durable, despite the lightweight design. miCoach-compatible for tracking your runs. Great styling. Affordable at $115. Men's and women's versions.

TIRED If you're not into light shoes, these aren't for you. The miCoach system needs a lot of work -- it's adequate, but could be so much better.

Photos by Ariel Zambelich/Wired

Rating: 8 out of 10

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“Fruitvale,” “Blood Brothers” win top awards at Sundance

PARK CITY, Utah (Reuters) – Drama film “Fruitvale” and documentary “Blood Brothers” won the top awards at the Sundance Film Festival on Saturday, giving them a big boost to reach independent movie audiences this year.

“Fruitvale,” starring Octavia Spencer and Michael B. Jordan and directed by 26-year-old, first-time filmmaker Ryan Coogler,” picked up the U.S. drama jury and audience awards for its “moral and social urgency.”

The film is based on the true story of 22-year-old Oscar Grant, who was killed by police in Oakland, California, on New Year’s Eve in 2008 and whose death sparked riots against police brutality. Movie studio The Weinstein Company purchased distribution rights for the film.

“This film had a profound impact on the audience that saw it … this award goes out to my home in the Bay Area where Oscar Grant breathed, slept, loved, had fun and survived for 22 years,” Coogler said in his acceptance speech.

Oscar-winning documentarian Davis Guggenheim awarded the U.S. documentary jury prize to “Blood Brothers,” saying it shook the voting panel to their core.

The documentary follows an American man who moves to Africa and works with children suffering from HIV at an orphanage, and through his work, the children gain a voice.

“It is so encouraging for the kids … their lives are so encouraging, and they die and no one remembers their name … To take their story so that everyone sees it, it’s so awesome,” director Steve Hoover said.”

Young actress Shailene Woodley, praised for her performance in “The Descendants” last year, and her co-star Miles Teller won the Special Jury acting prize in “The Spectacular Now.”

Actress Lake Bell, who made her directorial debut in the U.S. drama category with quirky comedy “In A World,” picked up the drama screenwriting award.

Hosted by actor Joseph Gordon-Levitt, who premiered his raunchy directorial debut “Don Jon’s Addiction” this year, the Sundance Film Festival Awards pick winners at the top gathering for independent movies made outside of Hollywood’s major studios.

“Sundance is a community of people of filmmakers and film lovers who all believe together that there’s more to movies than glitz and glamour and money and the box office. In Hollywood, you can feel like a freak if you talk about movies as art, and here, you don’t have that,” Gordon-Levitt said.

WORLD CINEMA WINNERS

The Sundance Film Festival, now in its 35th year, is backed by Robert Redford’s Sundance Institute. The 10-day gathering of the independent film industry is held in snowy Park City, Utah.

In previous years, films that win the top prizes at the Sundance Film Festival often go on to achieve Hollywood awards success as well.

Last year, mythological drama “Beasts of the Southern Wild” won the top prize at Sundance and is now nominated for four Oscars in major categories.

The award winners are voted for by special juries of industry professionals and by the audience for the audience favorite awards.

In the world cinema categories, South Korean drama “Jiseul” picked up the grand jury drama prize. The film, directed by Muel O, follows the residents of a small town who were forced to hide in a cave for 60 days after the military attacked their village.

Cambodian documentary “A River Changes Course,” about three young Cambodians struggling with adversity in a country ravaged by war and debt, picked up the world cinema grand jury award.

“Events like these really bring our communities together to share in the beauty of the world and the beauty of our future,” director Kalyanee Mam said.

“Pussy Riot: A Punk Prayer,” which follows the story of three members of a Russian feminist punk band jailed for performing a “punk prayer” in a Russian Orthodox church, picked up special jury prize in the world documentary category.

Co-director Mike Lerner said the three members of the band had “started a feminist revolution that we hope will continue around the world.”

(Editing by Philip Barbara)

Movies News Headlines – Yahoo! News

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Well: Ask Well: Squats for Aging Knees

You are already doing many things right, in terms of taking care of your aging knees. In particular, it sounds as if you are keeping your weight under control. Carrying extra pounds undoubtedly strains knees and contributes to pain and eventually arthritis.

You mention weight training, too, which is also valuable. Sturdy leg muscles, particularly those at the front and back of the thighs, stabilize the knee, says Joseph Hart, an assistant professor of kinesiology and certified athletic trainer at the University of Virginia, who often works with patients with knee pain.

An easy exercise to target those muscles is the squat. Although many of us have heard that squats harm knees, the exercise is actually “quite good for the knees, if you do the squats correctly,” Dr. Hart says. Simply stand with your legs shoulder-width apart and bend your legs until your thighs are almost, but not completely, parallel to the ground. Keep your upper body straight. Don’t bend forward, he says, since that movement can strain the knees. Try to complete 20 squats, using no weight at first. When that becomes easy, Dr. Hart suggests, hold a barbell with weights attached. Or simply clutch a full milk carton, which is my cheapskate’s squats routine.

Straight leg lifts are also useful for knee health. Sit on the floor with your back straight and one leg extended and the other bent toward your chest. In this position, lift the straight leg slightly off the ground and hold for 10 seconds. Repeat 10 to 20 times and then switch legs.

You can also find other exercises that target the knees in this video, “Increasing Knee Stability.”

Of course, before starting any exercise program, consult a physician, especially, Dr. Hart says, if your knees often ache, feel stiff or emit a strange, clicking noise, which could be symptoms of arthritis.

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