Pat Modell, actress and wife of Art Modell, dies

Mrs. Modell graduated from the Academy of Mt. St. Ursuline and the College of New Rochelle.

Born in New York, Patricia Modell was the daughter of Edward and Marjorie Breslin. Her father was a Special Sessions Judge in New York City. Monsignor Patrick Breslin, for whom she was named, was Judge Breslin’s eldest brother.

The Modells also gave $3.5 million to the Lyric Opera House, which was recently renamed the Patricia and Arthur Modell Performing Arts Center at The Lyric.

She is survived by her husband, two sons, John and David, and six grandchildren.

Among her many television other roles, she was a regular on “Twilight Zone,” `’Alfred Hitchcock Presents,” `’Perry Mason,” and “Maverick.”

She married Art Modell, former owner and president of the Cleveland Browns and Baltimore Ravens, in 1969. She retired from acting at that time and immersed herself in her family and community improvement.

After Art Modell moved his football team to Baltimore in 1996, his wife served on several boards, including: House of Ruth, Gilchrist Hospice, Kennedy Krieger Institute, Baltimore Symphony Orchestra and The Walters Art Museum. In addition, the Modells contributed money to the St. Vincent’s Center and the Baltimore Museum of Art.

Mrs. Modell was pronounced dead around 1:30 p.m. on Wednesday afternoon, the Baltimore Ravens announced after being contacted by Modell’s son. She had been hospitalized for around five months.

BALTIMORE Patricia Modell, the wife of former NFL team owner Art Modell and a longtime television actress, has died. She was 80.

In Cleveland, Mrs. Modell served on the board at Ursuline College and was active in the Make-A-Wish Foundation, the Cleveland Musical Arts Association, the Cleveland Ballet, the Playhouse Square Foundation, and the Cerebral Palsy Association. She actively supported the Cleveland Clinic Foundation, and she started and funded, along with her husband, the Hospice of the Western Reserve in Cleveland.

At one point in her career, Mrs. Modell had appeared on more television shows than any other woman in U.S. history. Her record was eventually broken by one of her best friends, Lucille Ball.

The Modells pledged $5 million to help start a public boarding school for disadvantaged students. The SEED School, which opened in the Fall of 2008, recruits middle and high school students from around the state. The gift is believed to have been one of the largest private contributions to a single public school in Maryland.

During a 22-year acting career, Patricia Breslin Modell performed on the New York stage, in motion pictures and on television. She starred in the “People’s Choice” television series with actor Jackie Cooper and played the role of Meg Baldwin in the soap opera “General Hospital.” She also played Laura Brooks on the prime time soap opera “Peyton Place.”

Prada’s Powerful Patrician Panache

Milan Entitled “Il Palazzo” and featuring a rarefied list of major league actors - Adrien Brody, Willem Dafoe, Gary Oldman and Tim Roth, to name a few - the latest runway show by the house of Prada was a fashionable statement on the power of dressing, rather than just powerful dressing.

Attired, nearly all of them, in long noble coats, the actors and models marched around with the self-assurance and arrogance of men used to getting their own way, of owning the space that surrounds them.

“A large room, a carpet so big it is non-existent, defying proportions,” intoned the program notes of this show, staged in Prada’s main show-space, a renovated factory in central Milan, made over with a truly enormous carpet the size of three tennis courts.

Oldman, who won the honor of being the final model, was dressed in an elongated frock coat and slim pants, emoting like some aristocratic landowner welcoming guests into his country house. Brody appeared in a hunting pink top coat trimmed with astrakhan, while Roth swaggered out almost searching for confrontation in a three-piece serge suit. Yet, even if the silhouettes and garments were classical, designer Miuccia Prada gave each a fresh twist, as every breast pocket sprouted miniature pistols and faux military memorabilia.

“It was about the way a powerful man expresses his will through his dress. We wanted a couple of strong actors to express that, so we invited nine to be sure that we had enough. But in the end they all accepted!” Prada said backstage after the show on Sunday, Jan. 15.

The designer also played on lots of Prada references, from tie fabrics used in apparel to embellished shoes. For fall 2012, Signora Prada would like to see gents in brogues and wingtips covered in painted carnation and rose petals. Watch how this will be a major global trend.

The designer also sent out many men in aviator glasses, “to make them more evil,” she said with a laugh, before imbibing a glass of her latest post-show cocktail, a wake up call composed of vodka and sherry. The same bold red was the main color in the geometric carpet, so large it was hard to recognize the features of faces on the other side.

Six banks of hundreds of hanging fluorescent lights were all that illuminated the collection, itself a brilliant tour de force of tailoring, and most importantly a clever meditation on how men really do reveal exactly what they think of themselves by the way they dress.

General Mills 2Q profit falls on higher costs

PORTLAND, Ore. General Mills’ net income fell 28 percent during the second quarter as revenue gains could not keep pace with rising costs.

The company maintained its full-year guidance and said it expects strong sales and profitability gains in the second half of the fiscal year. However, it cautioned that its gross margins would be lower during that time given continued cost pressures and its recent acquisition lower-margin Yoplait.

General Mills, which makes foods such as Cheerios cereal,Replica Bulzeye, Nature Valley granola and Hamburger Helper, remains one of the most popular food brands in grocery stores. But like most of its peers, it has struggled with higher costs for everything from ingredients to labor. The company forecast inflation cost increases of 10 percent to 11 percent for the year and has raised its prices to offset that pressure.

General Mills reported Tuesday that it earned $444.8 million, or 67 cents per share, for the quarter ended Nov. 27. That’s down from $613.9 million, or 92 cents per share, a year earlier. Excluding charges tied to its Yoplait deal and other items, earnings were 76 cents per share.

Analysts polled by FactSet anticipated the company would earn 79 cents per share. The miss sent shares down in trading Tuesday.

Revenue rose 14 percent to $4.62 billion. Analysts forecast revenue of $4.6 billion.

“We knew it was going to be a tough environment and it is but the year is shaping up as we anticipated,” said Don Mulligan, the company’s chief financial officer.

The company, based in Minneapolis, saw its biggest revenue jump in its international business during the quarter. General Mills, which already distributed Yoplait products in the U.S., announced in July that it was acquiring a controlling stake in international yogurt maker Yoplait. This was the first full quarter with the yogurt brand under its ownership, which boosted its international sales by 55 percent.

Revenue at its bakeries and food service division increased 12 percent with strong sales of products such as Pillsbury Mini-Pancakes and French Toast. Revenue from its U.S. retail business increased 3 percent on strong sales of cereal and snacks but it saw weaker sales of yogurt and some baking products with higher prices.

For the full year, General Mills still expects adjusted earnings of $2.59 to $2.61 per share; analysts anticipate $2.61 per share.

General Mills Inc. said it expects to drive its gains on the addition of the Yoplait business and introduction of new products, such as Dulce de Leche Cheerios and Greek yogurt. It also expects some costs to level out as the year progresses.

Edward Jones analyst Jack Russo said that while the company struggled with intense pressure this period, all signs point to business improving in the second half of the year as sales trends continue to improve, its new product lineup is strong and its price hikes are already in place.

“I think there is a lot to look forward to,” he said. “They are well trusted in the sector.”

Shares of the company fell 76 cents, about 2 percent, to $38.83 in midday trading.

____

AP Business Writer Michelle Chapman contributed to this report from New York

Ninja Turtles co-creator auctioning off art studio

LOS ANGELES (TheWrap.com) How much money will be shelled out for the personal art studio belonging to “Teenage Mutant Ninja Turtles” co-creator Kevin Eastman?

The answer will be known Wednesday night, which marks the end of the 10-day eBay auction for the studio — drawing table, rare artwork, personal effects, toys and all.

“My wife was threatening to call that TV show ‘Hoarders,’ ” Eastman told TheWrap about his studio, which had been situated in his Los Angeles home. “Some of the stuff I’ve pulled out of storage,wholesale Ed hardy scarves, I haven’t seen in 15 years. There are old comics, doodles, scraps of paper, reference books, movies …”

Eastman will give 20 percent of the proceeds from the auction to The Hero Initiative, a nonprofit that financially supports comic book creators in need.

As for the rest of the money, “I’ll put it in the bank for my kids schools or buy some new supplies,” Eastman said.

Twenty-nine bids have been received so far; the highest is $8,300.

The art studio has been on display at Los Angeles’ Meltdown Comics, where Eastman has been making regular visits. The exhibition — which includes some unpublished artwork — is part of “35 Days of Kevin Eastman,” which is celebrating the 35th anniversary of the “Heavy Metal” magazine he published.

On Wednesday night, Meltdown will celebrate the end of the auction with a party, during which live footage of the eBay auction page will be projected onto a big screen.

Regardless of the amount for which the studio sells, Eastman will certainly be surrounded by fans at the shindig — as he has been during his visits to Meltdown.

“I was in the gallery the other day and this guy came in from Italy,” Eastman said. “He grew up on the Turtles — and his name was Raphael. He was walking down Melrose and randomly discovered the exhibit. When he left the store with a signed copy of one of the comics, he had a grin so big.”

Joe Jackson’s tribute perfume gets new launch date

LOS ANGELES (Reuters) Michael Jackson’s father Joe said on Thursday he will begin selling the much-delayed fragrance that honors his pop star son later this month — without using the name Michael.

Joe Jackson, who was left out of the “Thriller” singer’s will on his 2009 death, first promoted the “Jackson’s Tribute” and “Jackson’s Legend” fragrance line at the Cannes film festival in May.

But the launch was scrapped when the company that owns the commercial rights to sell products under Michael Jackson’s name filed a lawsuit seeking to ban sales and asking for damages.

Joe Jackson and his partner, Julian Rouas Paris, said on Thursday they will launch the line in Las Vegas on Jan 21. Called The JRP/Jackson Perfume Collection, it will be sold from a booth in the gambling city’s Fashion Show Mall.

“We don’t use Michael’s name. We don’t use his image,” Rouas told Reuters.

Rouas said the family “want to stay private” by selling the line through small outlets in U.S. shopping malls rather than through established stores.

The description of the fragrances given back at the Cannes film festival said the they were “inspired by Michael’s story”. Thursday’s statement from the fragrance makers said the scents, which will sell starting at $59, “honor the greatest superstar that has graced the world.”

Jackson,Replica Bulzeye, 50, died on June 25, 2009 in Los Angeles from an overdose of sedatives and the powerful anesthetic propofol. His personal physician Dr. Conrad Murray is serving a four-year jail sentence for involuntary manslaughter in the singer’s death.

(Reporting by Jill Serjeant; Editing by Bob Tourtellotte)

Summary Box China wants talks ON EU carbon charge

AIRING CONCERNS: China urged the European Union to heed objections to EU plans to charge airlines for carbon emissions. Airlines flying to or from Europe must obtain certificates for the carbon dioxide they emit. They will get free credits to cover most flights this year but must buy or trade for credits to cover the rest.,Cheap Ed hardy underwear

FLYING ON FUMES: The charges, which took effect Sunday, aim to curb emissions of greenhouse gases. Airlines call them an improper tax. Ratings agency Fitch has warned that the conflict could spiral into a global trade dispute.

CHINA’S BIG STICK: Beijing could have unusually strong leverage in a possible dispute because its state-owned airlines carry large numbers of Chinese and other Asian tourists to Europe. Any disruption would hurt Europe’s travel industry when the continent is struggling with a debt crisis and high unemployment.

Walgreen 1Q profit drops on Express Scripts fight

NEW YORK Walgreen’s first-quarter earnings fell more than 4 percent due in part to a slow flu season and its impending split from the Express Scripts pharmacy network, a multibillion-dollar dispute that looks no closer to resolution in the final days of the year.

Since June, Walgreen and Express Scripts have said they were preparing to stop doing business when the three-year contract expires at the end of 2011. Walgreen gets $5.3 billion in annual revenue from Express Scripts, but the Deerfield, Ill., company has said it would rather give that up than continue filling unprofitable prescriptions.

President and CEO Greg Wasson said the company made one last attempt last week to come to terms with Express Scripts, but the two sides were unable to resolve their differences.

Walgreen remains open to another offer, Wasson said.

Unless the companies strike a last-minute deal, most people whose prescription drug benefits are handled by Express Scripts won’t be able to fill their prescriptions at Walgreen stores, starting in January. Express Scripts clients include WellPoint Inc., which is the largest U.S. health insurer based on membership, and TriCare, the health plan that serves military members and their families.

Walgreen is the biggest drugstore chain in the U.S. with 7,812 locations.

Shares of Walgreen fell as much as 8.1 percent in early trading, but later recovered and closed down 13 cents at $33.37 while the broader markets edged up less than 1 percent.

The decision to stop doing business with Express Scripts cost Walgreen a penny per share in sales at pharmacies open at least a year and a penny per share in expenses during the fiscal quarter.

The company also took a charge of 1 cent per share from the lack of a traditional cough,Replica Christian Dior jewelry, cold and flu season. Walgreen administered 5 million flu shots through Nov. 30 compared with 5.6 million a year ago.

Net income fell to $554 million, or 63 cents per share, from $580 million, or 62 cents per share, a year ago, when it had more shares outstanding. Revenue grew 4.7 percent to $18.16 billion, but selling, general and administrative expenses climbed 5 percent because of its acquisition of drugstore.com and other items.

Analysts surveyed by FactSet expected, on average, earnings of 67 cents per share and $18.24 billion in revenue.

In the wake of the Express Scripts stalemate, Walgreen is trying to hold on to as many prescriptions as possible by making its own arrangements with companies and health plans. Based on prescriptions Walgreen is filling in December and other trends, the company said it expects to keep between 97 percent and 99 percent of its 2011 prescription volume.

Barclays Capital analyst Meredith Adler said that projection suggests Walgreen will lose between 60 and 84 percent of the Express Scripts prescriptions. Competitor CVS Caremark Corp. said Tuesday that it believes it could pick up 17 million to 23 million prescriptions as a result of the dispute.

Analysts say the split will also hurt sales of other products, since fewer shoppers would be shopping at Walgreen stores.

Another potential issue for Walgreen is that Express Scripts is in the process of buying Medco Health Solutions Inc., another large pharmacy benefits manager. If that deal goes through, Walgreen may lose Medco’s clients over time.

Earlier this month, Walgreen said sales at stores open at least a year grew 2.5 percent during the quarter, but it said the Express Scripts fight reduced those sales by 1.1 percent. Sales at stores open at least a year are considered a key measurement of retailer health because they exclude results from stores that have opened or closed in the last year.

_____

Tom Murphy contributed to this story from Indianapolis.

Iran test-fires missiles in Gulf exercise

TEHRAN (Reuters) Iran said on Monday it had successfully test-fired what it described as two long-range missiles, flexing its military muscle in the face of mounting Western pressure over its nuclear program.

The announcement came at the climax of 10 days of naval exercises in the Gulf, during which Tehran has warned it could shut the Strait of Hormuz, through which 40 percent of world oil is shipped, if sanctions were imposed on its crude exports.

Analysts say Iran’s increasingly strident rhetoric, which has pushed oil prices higher, is aimed at sending a message to the West that it should think twice about the economic cost of putting further pressure on Tehran.

“We have successfully test-fired long-range shore-to-sea and surface-to-surface missiles, called Qader (Capable) and Nour (Light) today,” Deputy Navy Commander Mahmoud Mousavi told state television.

Despite his use of the term ‘long-range’, the semi-official Fars news agency said the Qader’s range was only 200 km (125 miles), and no figure was given for the Nour.

Iran is about 225 km (140 miles) at its nearest point from Bahrain, where the U.S. Fifth Fleet is based, and about 1,000 km (625 miles) from Israel. Its longest-range missile, the Sajjil-2, has a range of up to 2,400 km (1,500 miles).

Iran said on Monday it had no intention to close the Strait of Hormuz, but has carried out “mock” exercises on shutting it.

“No order has been given for the closure of the Strait of Hormuz. But we are prepared for various scenarios,” state television quoted navy chief Habibollah Sayyari as saying.

The U.S. Fifth Fleet said it would not allow shipping to be disrupted in the strategic waterway.

Tehran denies Western accusations that it is trying to build atomic bombs, saying it needs nuclear technology to generate electricity.

The United States and Israel have not ruled out military action against Iran if diplomacy fails to resolve the Islamic state’s nuclear row with the West.

ISRAELI REACTION

Israel played down the military impact of Iran’s announcement, saying Tehran’s forces were no match for the West’s in the Gulf.

Moshe Yaalon, vice prime minister and minister of strategic affairs, told Israel Radio the exercises reflected Iran’s concern about sanctions to curb its nuclear ambitions, and its efforts to suggest its naval forces could match those of the West,wholesale Ralph Lauren t-shirts, led by the United States, in the Gulf.

On that point, Yaalon was dismissive. “Really, this couldn’t even be called a fair fight between the two sides.” He repeated Israel’s call for tougher economic sanctions against Iran accompanied by “a credible military option as a last resort.”

The European Union is considering following the United States in banning imports of Iranian crude oil. U.S. President Barack Obama signed new sanctions against Iran into law on Saturday, stepping up the pressure with sanctions on financial institutions that deal with Iran’s central bank.

If enforced strictly, the sanctions could make it nearly impossible for most refiners to buy crude from Iran, the world’s fourth biggest producer.

The United Nations Security Council has already imposed four rounds of global sanctions on Iran over its refusal to halt sensitive nuclear activities.

Iran has so far shown no willingness to change its nuclear course but Iranian media reported on Saturday that nuclear negotiator Saeed Jalili would write to the EU foreign policy chief to say Tehran was ready for fresh talks on its nuclear program.

Talks between Iran and six world powers - the United States, Russia, China, Britain, France and Germany - stalled in January.

(Additional reporting by Hossein Jaseb in Tehran and Jeffrey Heller in Jerusalem; Editing by Mark Trevelyan)

Kruger, Brody, Deneuve, And More Wish The Jaeger Reverso A Bon Anniversaire

Photo: Courtesy of Jaeger LeCoultre

As 80th birthday parties go, few we’ve heard of were better attended than the Jaeger LeCoultre Reverso’s. Clever staging, involving displays of 50 movements used for the watch, a gallery of exceptional timepieces, and artisans demonstrating their craft, were all on view for guests, but they were slightly overshadowed however by the arrival of megawatt fans like Clive Owen, Adrien Brody, Catherine Deneuve, and brand ambassadress Diane Kruger.

For the fashion crowd, the evening offered a break from Couture preparations. What to expect from the haute week? The hints they provided point to a sassy revision of the classics. Maxime Simoens, for one, is tackling vampires—Nosferatu, to be precise. Alexis Mabille said he was polishing a sartorial take on beloved French verses and compiling a collection of ten L.B.D.s’ for Guerlain’s rollout of La Petite Robe Noire fragrance this fall.

Speaking of which, vintage guru Didier Ludot, the owner of a boutique specializing in the L.B.D., is putting the final touches on his traditional windows, which are unveiled at an event at the Palais Royal on Sunday. But this time it’s not exactly about a couturier; it’s about the first of the truly great French chefs, François Vatel, who served Louis XIV. Still, the Couture connection is there: For one thing, Christian Dior once penned a book called La Cuisine Cousu-Main (”Handsewn Cuisine”), inspired by his fascination with eighteenth-century gastronomy. “The gestures are the same, and the desire to astonish is the same,” explained Ludot. “Louis XIV consumed 8,000 calories a day, so there was a real mise-en-scène, with fireworks and sprays of water.” The display features five exceptional Dior dresses from Ludot’s collection alongside Ladurée pastries created especially in the spirit of each one—interestingly, not a single macaron among them.
—Tina Isaac

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