Facebook shares rise in buildup to mystery event, earnings

SAN FRANCISCO (Reuters) – Facebook Inc’s stock opened on Monday above $ 32 for the first time since July as anticipation about upcoming products and financial results underscored Wall Street’s renewed confidence in the online social network.

Facebook will on Tuesday host its first major press event at its headquarters in Menlo Park, California, since its troubled initial public offering in May, triggering a guessing game among technology observers and online blogs about what it could unveil – everything from a smartphone to a search engine.

“There’s a lot of speculation. Nothing to me seems to be that certain,” Jefferies & Co analyst Brian Pitz said.

“If I were to bet, I’d think it was something that was ad-platform related. I’m not convinced on the phone,” said Pitz, citing previous comments by Facebook’s leaders including CEO Mark Zuckerberg that making a smartphone would be the “wrong strategy” for Facebook.

In an email to reporters last week, Facebook invited the media to “come and see what we’re building” without providing details.

Some analysts said the stock’s recent gains – shares are up roughly 17 percent since the start of the year – may have more to do with the company’s upcoming fourth-quarter financial results, slated for January 30.

“The stock is up because they have driven a dramatic increase in the ad load of their mobile app which is giving investors hope that they exceeded expectations,” BTIG analyst Richard Greenfield said.

Shares were down about 1.3 percent to $ 31.30 in mid-afternoon trading.

The world’s No.1 social network with 1 billion users, Facebook became the first U.S. company to debut on stock markets with a value of more than $ 100 billion. Its value subsequently plunged by more than 50 percent on mounting concerns about slowing revenue growth and the challenges of making money as users shift from personal computers to mobile devices.

Facebook surprised Wall Street in the third quarter by announcing that mobile ads accounted for 14 percent of its total ad revenue. Some analysts expect the company to report further growth in its nascent mobile ad business for the fourth quarter.

Zuckerberg, who founded Facebook in his Harvard dorm room, has said that mobile is the “most misunderstood aspect” of Facebook. But he has repeatedly poured cold water on rumors that Facebook would build its own smartphone to compete against Apple Inc’s iPhone and smartphones based on Google Inc’s Android operating system.

During an on-stage interview at a conference in September, Zuckerberg said that he believed search could be a ripe area of growth for Facebook.

“Facebook is really uniquely positioned to answer a lot of the questions that people have,” Zuckerberg said, such as finding a good restaurant or learning more about a job opportunity.

Still, many technology observers believe that Facebook is more likely to improve the search capabilities within Facebook than to develop a full-fledged search engine that indexes all the Web’s content and competes head-on with search leader Google.

Among the other items that technology blogs and analysts speculate might be unveiled on Tuesday were new standalone apps for Apple’s iPad tablet, new features to display video ads and even a new wing of corporate headquarters.

Some cautioned that expectations of a game-changing new product were likely to cause disappointment.

“There’s no way they’re announcing anything that has financial impact, or they wouldn’t do it now, they’d wait two weeks,” said Wedbush Securities analyst Michael Pachter, citing Facebook’s upcoming earnings.

“Why would you announce something that has a financial impact during the quiet period?,” he said.

(Reporting By Alexei Oreskovic; Editing by Paul Simao)

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AP source: Armstrong 'sorry' to Livestrong staff

AUSTIN, Texas (AP) — Lance Armstrong apologized to the staff at his Livestrong cancer foundation before heading to an interview with Oprah Winfrey, a person with direct knowledge of the meeting told The Associated Press.

The person spoke on condition of anonymity because the discussion was private.

Stripped last year of his seven Tour de France titles because of doping charges, Armstrong addressed the staff Monday and said, "I'm sorry." The person said the disgraced cyclist choked up and several employees cried during the session.

The person also said Armstrong apologized for letting the staff down and putting Livestrong at risk but he did not make a direct confession to the group about using banned drugs. He said he would try to restore the foundation's reputation, and urged the group to continue fighting for the charity's mission of helping cancer patients and their families.

After the meeting, Armstrong, his legal team and close advisers gathered at a downtown Austin hotel for the interview.

The cyclist will make a limited confession to Winfrey about his role as the head of a long-running scheme to dominate the Tour with the aid of performance-enhancing drugs, a person with knowledge of the situation has told the AP.

Winfrey and her crew had earlier said they would film the interview, to be broadcast Thursday, at his home but the location apparently changed to a hotel. Local and international news crews staked out positions in front of the cyclist's Spanish-style villa before dawn, hoping to catch a glimpse of Winfrey or Armstrong.

Armstrong still managed to slip away for a run Monday morning despite the crowds gathering outside his house. He returned home by cutting through a neighbor's yard and hopping a fence.

During a jog on Sunday, Armstrong talked to the AP for a few minutes saying, "I'm calm, I'm at ease and ready to speak candidly." He declined to go into specifics.

Armstrong lost all seven Tour titles following a voluminous U.S. Anti-Doping Agency report that portrayed him as a ruthless competitor, willing to go to any lengths to win the prestigious race. USADA chief executive Travis Tygart labeled the doping regimen allegedly carried out by the U.S. Postal Service team that Armstrong once led, "The most sophisticated, professionalized and successful doping program that sport has ever seen."

Yet Armstrong looked like just another runner getting in his roadwork when he talked to the AP, wearing a red jersey and black shorts, sunglasses and a white baseball cap pulled down to his eyes. Leaning into a reporter's car on the shoulder of a busy Austin road, he seemed unfazed by the attention and the news crews that made stops at his home. He cracked a few jokes about all the reporters vying for his attention, then added, "but now I want to finish my run," and took off down the road.

The interview with Winfrey will be Armstrong's first public response to the USADA report. Armstrong is not expected to provide a detailed account about his involvement, nor address in depth many of the specific allegations in the more than 1,000-page USADA report.

In a text to the AP on Saturday, Armstrong said: "I told her (Winfrey) to go wherever she wants and I'll answer the questions directly, honestly and candidly. That's all I can say."

After a federal investigation of the cyclist was dropped without charges being brought last year, USADA stepped in with an investigation of its own. The agency deposed 11 former teammates and accused Armstrong of masterminding a complex and brazen drug program that included steroids, blood boosters and a range of other performance-enhancers.

Once all the information was out and his reputation shattered, Armstrong defiantly tweeted a picture of himself on a couch at home with all seven of the yellow leader's jerseys on display in frames behind him. But the preponderance of evidence in the USADA report and pending legal challenges on several fronts apparently forced him to change tactics after more a decade of denials.

He still faces legal problems.

Former teammate Floyd Landis, who was stripped of the 2006 Tour de France title for doping, has filed a federal whistle-blower lawsuit that accused Armstrong of defrauding the U.S. Postal Service. The Justice Department has yet to decide whether it will join the suit as a plaintiff.

The London-based Sunday Times also is suing Armstrong to recover about $500,000 it paid him to settle a libel lawsuit. On Sunday, the newspaper took out a full-page ad in the Chicago Tribune, offering Winfrey suggestions for what questions to ask Armstrong. Dallas-based SCA Promotions, which tried to deny Armstrong a promised bonus for a Tour de France win, has threatened to bring yet another lawsuit seeking to recover more than $7.5 million an arbitration panel awarded the cyclist in that dispute.

The lawsuit most likely to be influenced by a confession might be the Sunday Times case. Potential perjury charges stemming from Armstrong's sworn testimony in the 2005 arbitration fight would not apply because of the statute of limitations. Armstrong was not deposed during the federal investigation that was closed last year.

Many of his sponsors dropped Armstrong after the damning USADA report — at the cost of tens of millions of dollars — and soon after, he left the board of Livestrong, which he founded in 1997. Armstrong is still said to be worth about $100 million.

Livestrong might be one reason Armstrong has decided to come forward with an apology and limited confession. The charity supports cancer patients and still faces an image problem because of its association with Armstrong. He also may be hoping a confession would allow him to return to competition in the elite triathlon or running events he participated in after his cycling career.

World Anti-Doping Code rules state his lifetime ban cannot be reduced to less than eight years. WADA and U.S. Anti-Doping officials could agree to reduce the ban further depending on what information Armstrong provides and his level of cooperation.

___

AP Sports Columnist Jim Litke contributed to this report.

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Really?: The Claim: Hand Sanitizer Stops Norovirus Spread

Really?

Anahad O’Connor tackles health myths.

THE FACTS

As public health officials struggle to contain a series of viral outbreaks this winter, many people are reaching for bottles of hand sanitizer.

Studies show that alcohol-based sanitizers, particularly those with 60 percent ethanol or more, can reduce microbial counts on contaminated hands and reduce the spread of some strains of the flu. But against norovirus, the severe gastrointestinal illness gripping many parts of the country, they may be useless.

Some viruses, like influenza, are coated in lipids, “envelopes” that alcohol can rupture. But non-enveloped viruses, like norovirus, are generally not affected.

Bleach is effective against norovirus, and can be used to decontaminate countertops and surfaces. And for people, the best strategy may be washing hands with plain old soap and water.

In 2011, the Centers for Disease Control and Prevention studied 91 long-term care facilities. During the winter of 2006-07, they identified 73 outbreaks, 29 of which were confirmed to be norovirus.

The facilities where staff members used alcohol-based sanitizers, were six times more likely to have an outbreak of norovirus than the facilities where the staff preferred using soap and water.

The C.D.C. says that as a means of preventing norovirus infection, alcohol-based sanitizers can be used “in addition” to hand washing, never as a substitute.

THE BOTTOM LINE

Hand sanitizers can reduce the spread of some viruses, like the flu. But against norovirus they are largely ineffective; better to use soap and water.

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DealBook: Dell Shares Surge After Report of Possible Buyout

Shares of Dell rose more than 12 percent early Monday afternoon after Bloomberg News reported that the personal computer maker was in talks with at least two private equity firms about going private.

A buyout of Dell would be worth more than $17 billion, based on its total enterprise value. The company has some $9 billion in debt, but $11 billion in cash at hand. A deal would make it the largest technology buyout since the $17.6 billion acquisition of Freescale Semiconductor by a group of buyers led by the Blackstone Group in 2006.

The Bloomberg report, citing two people with knowledge of the matter, said the talks were preliminary. It cautioned that the firms might not be able to line up financing.

The report of the talks comes a week after a top Dell executive, David Johnson, who was in charge of the company’s corporate strategy, including deals, left to join the Blackstone Group.

Any buyout would involve Michael Dell, who started the company out of his University of Texas dormitory room in 1984. The chief executive owns nearly 16 percent of the company.

At a Sanford C. Bernstein conference in June 2010, Mr. Dell was asked whether he had considered taking the private. “Yes,” was all he would say on the matter.

Since Michael Dell returned as chief executive six years ago, Dell has tried to move from its core business of personal computers and computer servers into the more stable and growing business of equipping corporate data centers with hardware and software. Its personal computer and associated laptop businesses, however, still accounts for about half of Dell’s revenue.

That PC business is shrinking fast. On Monday, Gartner, a market analysis firm, stated that for all of 2012 Dell sold 37.6. million PCs worldwide, a 12.3 percent drop from its 2011 shipments. It was the worst performance, in a weak market, of any major manufacturer. Dell’s drop was particularly severe in both the United States and in the fourth quarter, indicating that its erosion is accelerating. Hewlett Packard, the world’s top PC maker, shipped 6.7 percent fewer PCs in 2012, but was only modestly lower in the fourth quarter, and increased its share in the United States, Gartner said.

PCs, until recently the primary way people worked with computers and got on the Internet, are facing increasing competition from tablets and smartphones. The launch of Microsoft’s Windows 8 operating system in October, which PC makers hoped would revitalize their business, may have made things worse . Customers seem not to like Microsoft’s design and touch screen innovations.

Dell has been trying to cut its reliance on the PC business, but the company faces challenges.

Last July, Dell purchased Quest Software, a maker of software for data centers, for $2.4 billion. John Swainson, the head of Dell’s corporate software business, has said it will take five years to build a business big enough to significantly affect Dell’s performance.

In October Dell announced advanced products in servers, data storage, and computer networking. It faces tough competition in these areas, however, from H.P., I.B.M., and Oracle.

In the meantime, Dell’s stock has suffered. Before Monday, the stock price was down some 30 percent over the last 12 months.

The math for a leveraged buyout seems daunting, at least initially. Dell’s market value as of Friday was about $18.9 billion. Assuming a 30 percent takeover premium — slightly below the average for high technology L.B.O.’s last year, according to Thomson Reuters — that would value the company at about $24.6 billion.

Mr. Dell would presumable roll over his stake, which would still leave about $24.3 billion to cover. That means would-be buyers still have to stump anywhere from $6 billion to almost $8.5 billion in equity. That’s an enormous amount for even two private equity firms to cover, even assuming that these shops brought in co-investors to help out with the equity check.

And that leaves an investor consortium needing to raise $15.8 billion to more than $18 billion in debt. To say that’s a hefty sum is an understatement. But bankers have long argued that the debt markets can support an enormous amount of borrowing, as investors have shown a willingness to pay cheaply for high-yield debt in a world of near-zero interest rates.

One could also subtract Dell’s bulging cash horde, making the debt figure seem less onerous. However, given the company’s already significant debt load, the company is likely to remain highly levered even after an L.B.O.

For now, it appears that the company has some breathing room with ratings agencies, because with an A2 rating, Dell has a solidly investment grade assessment from Moody’s Investors Service.

The bigger question, then, is whether would-be buyers can assemble a bid in the first place. Shareholders and analysts alike were already skeptical that Best Buy could be taken private by a group of investors when the proposal was first announced last summer. And at that time, a potential buyout bid for the electronics retailer was valued at a relatively paltry $8.8 billion.

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India Ink: Woman Raped by Seven Men in Punjab, India, Police Say

NEW DELHI — Police said Sunday that a  29-year-old woman had been raped by a bus driver, a bus conductor and five other men in the north Indian state of Punjab, in an incident that recalls the recent attack in Delhi that has caused widespread outrage.

The woman boarded a bus on Friday bound for Gurdaspur, to visit her in-laws, the police chief of Gurdaspur, Raj Jit Singh, said in a telephone interview. When she got off the bus, the driver offered her a ride on his motorcycle, perhaps to her in-laws village, the police said. Instead, he took her to a nearby village where he and six other men, including the bus conductor, raped her repeatedly through the night.

The next morning, the driver dropped her at her in-laws home, where the woman told her family members of the incident, and then reported it to the police, Mr. Singh said.

Six men, including the bus driver and conductor, have been arrested, he said. All of the men are their twenties.

Gurmesh Singh, the deputy superintendent of police for the  region, said it was unclear how or why the bus driver persuaded the woman to go with him on his motorcycle. She was in a state of distress during the bus ride, Mr. Singh said, and originally refused to get off of the bus when it reached its final destination.

The Press Trust of India reported that the bus driver did not stop at her stop when requested.

The gang-rape of a woman on a moving bus in New Delhi on Dec. 16, and her subsequent death from injuries sustained during the rape, has sparked widespread protests and calls for increased policing and tougher laws against sexual assault in India.

The case against five of the men arrested in that rape is being heard this month in a special fast-track court created just for incidents of sexual assault.

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Johnson’s tweet about Trestman landing NFL job creates buzz in football circles

Marc Trestman remains the head coach of the Montreal Alouettes, at least for now.

Former NFL head coach Jimmy Johnson got the football world — north and south of the border — buzzing Friday when he strongly suggested Trestman was heading to Chicago to become the Bears‘ head coach.

“Looks like 2 of my guys getting NFL jobs..Chud Cleveland and my QB coach at U Trestman to Chicago,” tweeted Johnson, now working as an NFL analyst with Fox.

An Alouettes spokesman said the CFL club had no comment about Johnson’s tweet while the Bears didn’t immediately comment publicly either.

Trestman interviewed with both Cleveland and Chicago but according to numerous reports the Bears continue to speak to potential coaching candidates and haven’t decided on a coach. The Browns are expected to unveil Rob Chudzinski as their new head coach Friday.

The Bears missed the NFL playoffs despite posting a 10-6 record and fired Lovie Smith after nine seasons as head coach.

Trestman, 56, has spent the last five seasons with Montreal, guiding the Alouettes to two Grey Cup victories in three appearances.

His coaching resume includes time in the NFL as an offensive co-ordinator, quarterback or running back coach with Minnesota (twice), Cleveland, San Francisco, Detroit, Arizona, Oakland, and Miami.

Trestman also coached in the NCAA with Johnson at Miami as well as North Carolina State.

Trestman is regarded as a quarterback guru and has a background with Chicago starter Jay Cutler and backup Jason Campbell, helping both in their respective pre-draft preparations.

Social Media News Headlines – Yahoo! News

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Ryan's 3 TDs has Falcons ahead 27-7 over Seattle

ATLANTA (AP) — Russell Wilson threw a 29-yard touchdown pass to Golden Tate on Seattle's first possession of the second half, but Matt Ryan threw his third touchdown of the game to give the Atlanta Falcons a 27-7 lead over the Seahawks through three quarters in Sunday's NFC divisional playoff game.

Ryan, who never reached 200 yards passing in losing his first three playoff games, had 206 yards with three touchdowns and one interception through three quarters.

The Falcons led 20-0 at halftime before Wilson produced a scoring drive to open the second half. Wilson, who had a 17-yard run early in the drive, threw to Tate on the left sideline to cap the 80-yard drive.

Ryan had a quick answer. Taking advantage of the Seahawks' man-to-man coverage by the cornerbacks, Ryan passed to Julio Jones for gains of 13 and 21 yards.

On second down from the Seahawks 5, Ryan faked a pitch to Jones before shoving a toss to Jason Snelling for the 5-yard touchdown.

The quarter ended with the Seahawks again moving deep in Atlanta territory.

The Falcons' defense made a fourth-down stop to set up Ryan's second TD pass and then delivered another stop as the first half ended.

Ryan's 47-yard touchdown pass to Roddy White in the second quarter built the lead to 20-0.

The Falcons' defense then stiffened after Wilson moved the Seahawks to a first down at the Atlanta 6. Wilson threw incomplete passes to Sidney Rice and Tate as Seattle used all its timeouts. On third down from the 11, Wilson was sacked by Jonathan Babineaux and time expired before the rookie quarterback could attempt a fourth-down pass.

Ryan, who threw a 1-yard touchdown pass to Tony Gonzalez in the first quarter, threw deep over the middle to White for his second scoring pass. Cornerback Richard Sherman fell down while attempting to cover White, and safety Kam Chancellor was too late in providing help.

Falcons fans chanted "Roddy! Roddy!" as officials returned to the field following their review to announce the touchdown call was confirmed.

The long touchdown pass came after a fourth-down stop by the Falcons' defense deep in Atlanta territory.

Wilson completed a 34-yard pass to tight end Zach Miller and added a 16-yard pass to Tate to push the Seahawks deep into Atlanta territory in the second quarter.

Robert Turbin was stopped on third-and-1 from the Falcons 11. On fourth down, Wilson handed to fullback Michael Robinson, who was dropped by Falcons safety Charles Mitchell for a 1-yard loss.

The Falcons overcame an interception by Ryan by taking advantage of a fumble by Seattle's Marshawn Lynch.

Ryan's pass for Gonzalez was intercepted by Seahawks middle linebacker Bobby Wagner, giving Seattle possession at its 33 midway through the quarter.

On first down from the 50, Lynch fumbled when hit by linebacker Sean Weatherspoon. Babineaux recovered at the Atlanta 39 to set up the touchdown drive. Wagner was penalized for a horse-collar tackle on Turner, moving the Falcons to the Seattle 29.

Ryan completed a 16-yard pass to backup tight end Chase Coffman to the 1, setting up the touchdown pass to Gonzalez.

The Falcons held the ball for 11 plays on their opening drive, which ended with Matt Bryant's 39-yard field goal.

The Seahawks trailed 14-0 before rallying in last week's 24-14 victory over Robert Griffin III and the Washington Redskins in the opening round of the playoffs.

Jacquizz Rodgers broke through the Seattle line for a 45-yard run, the longest of his career, on the final play of the first quarter. The 11-play drive stalled at the Seahawks 19, setting up a 37-yard field goal by Bryant for a 13-0 lead.

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Online: http://pro32.ap.org/poll and http://twitter.com/AP_NFL

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City Room: Cuomo Declares Public Health Emergency Over Flu Outbreak

With the nation in the grip of a severe influenza outbreak that has seen deaths reach epidemic levels, New York State declared a public health emergency on Saturday, making access to vaccines more easily available.

There have been nearly 20,000 cases of flu reported across the state so far this season, officials said. Last season, 4,400 positive laboratory tests were reported.

“We are experiencing the worst flu season since at least 2009, and influenza activity in New York State is widespread, with cases reported in all 57 counties and all five boroughs of New York City,” Gov. Andrew M. Cuomo said in a statement.

Under the order, pharmacists will be allowed to administer flu vaccinations to patients between 6 months and 18 years old, temporarily suspending a state law that prohibits pharmacists from administering immunizations to children.

While children and older people tend to be the most likely to become seriously ill from the flu, Mr. Cuomo urged all New Yorkers to get vaccinated.

On Friday, the Centers for Disease Control and Prevention in Atlanta said that deaths from the flu had reached epidemic levels, with at least 20 children having died nationwide. Officials cautioned that deaths from pneumonia and the flu typically reach epidemic levels for a week or two every year. The severity of the outbreak will be determined by how long the death toll remains high or if it climbs higher.

There was some evidence that caseloads may be peaking, federal officials said on Friday.

In New York City, public health officials announced on Thursday that flu-related illnesses had reached epidemic levels, and they joined the chorus of authorities urging people to get vaccinated.

“It’s a bad year,” the city’s health commissioner, Dr. Thomas A. Farley, told reporters on Thursday. “We’ve got lots of flu, it’s mainly type AH3N2, which tends to be a little more severe. So we’re seeing plenty of cases of flu and plenty of people sick with flu. Our message for any people who are listening to this is it’s still not too late to get your flu shot.”

There has been a spike in the number of people going to emergency rooms over the past two weeks with flulike symptoms – including fever, fatigue and coughing – Dr. Farley said.

Mayor Michael R. Bloomberg and Mr. Cuomo made a public display of getting shots this past week.

In a briefing with reporters on Friday, officials from the C.D.C. said that this year’s vaccine was effective in 62 percent of cases.

As officials have stepped up their efforts encouraging vaccinations, there have been scattered reports of shortages. But officials said plenty of the vaccine was available.

According to the C.D.C., makers of the flu vaccine produced about 135 million doses for this year. As of early this month, 128 million doses had been distributed. While that would not be enough for every American, only 37 percent of the population get a flu shot each year.

Federal health officials said they would be happy if that number rose to 50 percent, which would mean that there would be more than enough vaccine for anyone who wanted to be immunized.

Two other diseases – norovirus and whooping cough – are also widespread this winter and are contributing to the number of people getting sick.

The flu can resemble a cold, though the symptoms come on more rapidly and are more severe.

A version of this article appeared in print on 01/13/2013, on page A21 of the NewYork edition with the headline: New York Declares Health Emergency.

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Treasury Will Not Mint $1 Trillion Coin to Raise Debt Ceiling

WASHINGTON — The Treasury Department said Saturday that it will not mint a trillion-dollar platinum coin to head off an imminent battle with Congress over raising the government’s borrowing limit.

“Neither the Treasury Department nor the Federal Reserve believes that the law can or should be used to facilitate the production of platinum coins for the purpose of avoiding an increase in the debt limit,” Anthony Coley, a Treasury spokesman, said in a written statement.

The Obama administration has indicated that the only way for the country to avoid a cash-management crisis as soon as next month is for Congress to raise the “debt ceiling,” which is the statutory limit on government borrowing. The cap is $16.4 trillion.

“There are only two options to deal with the debt limit: Congress can pay its bills, or it can fail to act and put the nation into default,” Jay Carney, the White House press secretary, said in a statement. “Congress needs to do its job.”

In recent weeks, some Republicans have indicated that they would not agree to raise the debt limit unless Democrats agreed to make cuts to entitlement programs like Social Security.

The White House has said it would not negotiate spending cuts in exchange for Congressional authority to borrow more, and it has insisted that Congress raise the ceiling as a matter of course, to cover expenses already authorized by Congress. In broader fiscal negotiations, it has said it would not agree to spending cuts without commensurate tax increases.

The idea of minting a trillion-dollar coin drew wide if puzzling attention recently after some bloggers and economic commentators had suggested it as an alternative to involving Congress.

By virtue of an obscure law meant to apply to commemorative coins, the Treasury secretary could order the production of a high-denomination platinum coin and deposit it at the Federal Reserve, where it would count as a government asset and give the country more breathing room under its debt ceiling. Once Congress raised the debt ceiling, the Treasury secretary could then order the coin destroyed.

Mr. Carney, the press secretary, fielded questions about the theoretical tactic at a news conference last week. But the idea is now formally off the table.

The White House has also rejected the idea that it could mount a challenge to the debt ceiling itself, on the strength of the Fourteenth Amendment to the Constitution, which holds that the “validity of the public debt” of the United States “shall not be questioned.”

The Washington Post earlier published a report that the Obama administration had rejected the platinum-coin idea.

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Plenty of Theories, and Enemies, in Killing of 3 Kurds in Paris

Joel Saget/Agence France-Presse — Getty Images

The brother of Sakine Cansiz (on poster), one of three Kurdish activists found shot on Thursday, said his family was convinced that it was a professional assassination.

PARIS — With her signature long hennaed hair, fiery resolve and olive-green military fatigues, Sakine Cansiz was a feminist, guerrilla fighter and former political prisoner as adept at wielding a machine gun as organizing political protests from a jail cell.

One day after she and two other Kurdish activists were killed in the heart of Paris, speculation abounded regarding Ms. Cansiz, 55, and whether she had been the main target.

One of her brothers, Metin Cansiz, and activists interviewed Friday said her main role in recent years was to raise money and provide political support for the separatist group she helped found, the Kurdistan Workers’ Party, or P.K.K. Ms. Cansiz may also still have been involved in providing arms for the rebels.

Echoing many analysts, Mr. Cansiz said the family was convinced that his sister had been the victim of a professional assassination. It was aimed, he said, at disrupting recently started peace talks that seek to end decades of bloody conflict between the Turkish government and the P.K.K., which is considered a terrorist organization by the United States and the European Union.

Ms. Cansiz was a close ally of a crucial player in the talks with Turkey, the P.K.K.’s imprisoned leader, Abdullah Ocalan.

“My sister supported the peace process, and she paid with her life,” Mr. Cansiz said as family members and hundreds of mourners gathered at a Kurdish cultural center not far from the locked, unlabeled office where Ms. Cansiz and the other two women, Fidan Dogan and Leyla Soylemez, were found fatally shot early Thursday. “Whoever did this wanted to kill the process.” 

Many Kurdish rebels said they believed that Turkish nationalists were behind the killings. But there were competing suspicions. Some rebels speculated that Iran  sponsored the attack as a way to destabilize Turkey, which has taken a stand against an Iranian ally, President Bashar al-Assad of Syria.

Turkey’s prime minister, Recep Tayyip Erdogan, said Friday that he believed that the killings bore the signs of an internal feud. In any case, the contours of Ms. Cansiz’s shortened life suggest that she would have had plenty of enemies.

Born to an Alevi Shiite family of eight brothers and sisters, Ms. Cansiz became politically active in her early 20s, her brother said. What she saw as the impoverishment and repression of the Kurdish community led her and a small group of revolutionaries to found the P.K.K. at a teahouse near Diyarbakir, in Turkey’s predominantly Kurdish southeast.

In 1980, after a coup in Turkey, she was arrested and imprisoned until 1991, enduring torture, according to Rusen Werdi, a Kurdish lawyer in Paris.

Her brother, who was imprisoned with her, recalled that she was one of the only prisoners to stand up to the authorities. Activists recalled that she spit in the face of the notorious prison director.

In interviews on Friday, activists said  Ms. Cansiz continued to organize demonstrations from behind bars. They said she had initially been attracted by the Marxist ideology of the Kurdish rights movement, which allowed women to escape from the tribal structures of Kurdish society and to take up arms alongside men.

Vahap Coskun, an expert on Kurdish movements at Dicle University in Diyarbakir, said that from its inception, the P.K.K. saw that Kurdish women could provide a powerful base for political organization and on the battlefield. Of the group’s 5,500 members, he said, about a quarter are women. In the mid-1990s, some joined suicide bombing attacks aimed at military and civilian targets, sometimes deflecting suspicion by dressing as though pregnant.

After Ms. Cansiz was released from prison, her brother said, she received military training, organized clandestine meetings, traveled to P.K.K. mountain outposts in southeastern Turkey and went underground to Germany to raise funds.

Ms. Cansiz spent time in Syria, where Mr. Ocalan was based, at the group’s training camp in Lebanon’s Bekaa region and in northern Iraq, Mr. Coskun said. She was eventually sent to Western Europe to work in logistics and fund-raising after the P.K.K. incurred losses in fighting with Turkish security forces, he said.

The German authorities questioned her in 2007 but turned down a Turkish request for her extradition, her friends and colleagues said. She then moved to Paris, and believed that she was under frequent surveillance, they said.

Her brother said that the two had recently celebrated the new year in Rotterdam, the Netherlands, and that Ms. Cansiz had betrayed no concerns about her safety. “She was never afraid,” he said. “She was happy.”

Sebnem Arsu contributed reporting from Istanbul.

This article has been revised to reflect the following correction:

Correction: January 12, 2013

An earlier version of this article misidentified the sect of Shiite Islam of which Sakine Cansiz was a member. She was an Alevi, not an Alawite. Among their differences, the Alevis are spread throughout Turkey, while most Alawites in Turkey live along the country’s border with Syria.

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