Saturday, February 4, 2012

O'Reilly Automotive Inc. Fourth Quarter Earnings Sneak Peek | Wall ...

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S&P 500 (NYSE:SPY) component O?Reilly Automotive, Inc. (NASDAQ:ORLY) will unveil its latest earnings on Wednesday, February 8, 2012. O?Reilly Automotive offers automotive aftermarket parts, tools, supplies, and accessories to individual customers and professional installers.

O?Reilly Automotive, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 85 cents per share, a rise of 23.2% from the company?s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 22.6% versus last year to $3.74.

Past Earnings Performance: Last quarter, the company topped estimates by 0 cents, coming in at profit of $1.10 per share against a mean estimate of net income of $1. The company fell in line with estimates in the second quarter.

Investing Insights: Will the iPad 3 Be the Next Catalyst for Apple?s Stock?

Wall St. Revenue Expectations: Analysts are projecting a rise of 7.6% in revenue from the year-earlier quarter to $1.41 billion.

Analyst Ratings: Analysts are bullish on this stock with 14 analysts rating it as a buy, one rating it as a sell and six rating it as a hold.

A Look Back: In the third quarter, profit rose 27.4% to $148.4 million ($1.10 a share) from $116.5 million (82 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 7.7% to $1.54 billion from $1.43 billion.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose 34.3% in the second quarter and 5.1% in the first quarter.

Revenue has risen the past four quarters. Revenue rose 7.1% in the second quarter from the year earlier, climbed 8% in the first quarter from the year-ago quarter and 11.6% in the fourth quarter of the last fiscal year.

Stock Price Performance: During November 4, 2011 to February 2, 2012, the stock price had risen $4.64 (6%) from $76.90 to $81.54. It saw one of its worst periods between April 5, 2011 and April 13, 2011 when shares fell for seven-straight days, falling 4.9% (-$2.85) over that span. The stock price saw one of its best stretches over the last year between March 16, 2011 and March 25, 2011 when shares rose for eight-straight days, rising 5.5% (+$3.05) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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Source: http://wallstcheatsheet.com/earnings-trading-markets/oreilly-automotive-inc-fourth-quarter-earnings-sneak-peek.html/

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Friday, February 3, 2012

Judge delays Fort Hood shooting rampage trial (AP)

FORT HOOD, Texas ? A military judge has delayed the murder trial for the Army psychiatrist charged in the Fort Hood shooting rampage until June.

Attorneys for Maj. Nidal Hasan (nih-DAHL' hah-SAHN') argued Thursday they didn't have all the evidence they needed to be ready for the March trial. Prosecutors insisted they didn't need more time, noting one defense expert was hired nearly two years ago.

The defense had asked for a July trial, but the judge settled for June.

Hasan is charged with 13 counts of premeditated murder and 32 counts of attempted premeditated murder for the November 2009 attack at the Texas Army post. He faces the death penalty if convicted.

The 41-year-old Hasan remains jailed. He's paralyzed from the waist down after being shot by police the day of the rampage.

Source: http://us.rd.yahoo.com/dailynews/rss/crime/*http%3A//news.yahoo.com/s/ap/20120202/ap_on_re_us/us_fort_hood_shooting

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Tressel returns to college, not coaching (AP)

AKRON, Ohio ? Jim Tressel is getting a "second chance" at the school where he started coaching.

The former Ohio State coach, who resigned in disgrace last May amid a cash-for-tattoos scandal at the football powerhouse, was hired by Akron on Thursday as vice president of strategic engagement, ? a position newly created for him.

Tressel will earn a base salary of $200,000 per year, more than $3 million less than he made during the last of 10 years guiding the Buckeyes. Tressel will begin his new job on May 1.

"I feel fortunate that I got this opportunity," Tressel said following a packed news conference unlike any in the school's history. "It's going to be a fun one."

In his new position, Tressel, who said he has no interest in coaching in the NFL, will work with Akron's students, alumni and community organizations on a variety of issues. Tressel will not have any direct involvement with the school's athletic department, one of the conditions of the five-year, show-cause sanction he was given by the NCAA following an investigation.

However, Tressel's name alone is sure to give Akron, with an enrollment of 29,000, a major boost in name recognition and will certainly help in recruiting athletes and other students.

Akron president Luis M. Proenza said he had no misgiving about hiring Tressel, who was an undergraduate assistant for the Zips in 1975 and earned his master's degree in education from the school in 1977.

"Look at the man. Look at what he has done," Proenza said. "Look at the thousands of lives he has impacted. We knew that was the asset. The opportunity. And we wanted that to be available. There was no question in my mind that for the university, for the community, for Northeast Ohio, for the 30,000 students at Akron, this will make a difference."

Tressel, wearing a navy blue blazer and gold ties ? Akron's colors ? and a tie with a logo of the school's Kangaroo mascot, was typically smooth as he answered direct questions regarding his role in Ohio State's fall.

Tressel said he has no regrets, but he did acknowledge wishing he had handled some things differently.

"I think you always go back, whether it was a game you coached or a series of things that occurred and you always go back and say here's what I could have done better," he said. "In this type thing, working with young people, you can use your experience. Just like we did talking about special teams. If the right guard didn't block the guy and we had the punt blocked, we wouldn't have lost the championship.

"You always go back and you probably learn more and can teach better from some of your shortcomings."

Tressel, who was joined at the news conference by his wife, Ellen, said since leaving Ohio State that he has finished reading 30 of 100 books he pledged to read. He also joked that his wife was anxious for him to return to work.

"Ellen wanted me to get out of the house," he cracked. "I mean, how often can you cut the grass?"

Tressel served as a replay consultant last season for the Indianapolis Colts. He met with team owner Jim Irsay about the team's head coaching position but didn't get the job, and said he has no current plans to coach again. He is committed to Akron.

"I'll be coaching students every day," he said. "I'm an educator. I'm going to work as if this is the last place I'm ever going to work."

Source: http://us.rd.yahoo.com/dailynews/rss/sports/*http%3A//news.yahoo.com/s/ap/20120202/ap_on_sp_co_ne/fbc_akron_tressel

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Legal Issues in Offshore Outsourcing Contracts ? Slaw

Recent research published by industry analyst Gartner shows that the business process outsourcing sector will expand by 5 per cent in 2012, with multinational companies leading the charge. Business process outsourcing is seen by many companies as a means of reducing costs. Companies have been engaging in outsourcing (both information technology and business process services) for many years. Use of foreign-based third party service providers is also not new. While many of the issues are not unique to offshore outsourcing engagements, offshoring highlights the importance of some of the challenges.

Companies have been outsourcing various types of business processes to offshore service providers, including employee benefit administration, payroll processing, customer support, insurance claim review, credit card processing, mortgage servicing, or tax return administration. Sometimes outsourcing arrangements involve disclosing large volumes of personal or sensitive information to service providers. There have been incidents where employees of offshore suppliers misused the personal or sensitive information entrusted to them as part of the outsourcing arrangement. While data privacy incident may occur anywhere, customers have less control when service providers are located in another country. Privacy and security requirements are key consideration in any offshore outsourcing arrangements. It is important for customers to include provisions that require service providers to implement and maintain security measures that are designed to safeguard customer information.

Offshore outsourcing also involves the risk of potential applicability of foreign jurisdictional law to the outsourced activities. A company located in Canada may decide to outsource its back office processing function to a service provider at an offshore location. The arrangement may involve sending personal information of Canadian customers to the service provider?s data centre in the United States. The data may be backed up in Europe and processed by the service provider in Asia. Since different countries have different approaches to privacy, the requirements of each jurisdiction must be considered. Companies that engage in offshore outsourcing should consider how foreign data privacy laws or regulatory requirements may interact with the domestic privacy laws and regulations and how any possible conflicts can be managed.

There are also country risks (social, economic and political instability) involved in doing business in certain countries. For example, escalation of the India/Pakistan conflict, potential terrorist attacks, civilian unrest, acts of war which could prevent the offshore service provider from delivering the services. If the outsourced function involves critical business operation, customer needs to develop plans to actively monitor the country risk, develop its own contingency or resource backup plan, and build in mechanism in the outsourcing contract to deal with the contingency plans and exit strategies. While service providers always have business continuity plan, customer needs to examine the plan to determine how it works with customer?s continuity planning and to assess the likelihood that the service provider will be able to implement its plan when required. For example, a contingency plan that moves workers from one region to another (or even from one country to another) may be difficult to implement. The contingency plan needs to be tailored according to the nature and criticality of the work being performed at the offshore location, the complexity of the work, and the onsite/offshore staffing ratio.

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Source: http://www.slaw.ca/2012/02/01/legal-issues-in-offshore-outsourcing-contracts/

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Thursday, February 2, 2012

Elevated glucose associated with undetected heart damage

Elevated glucose associated with undetected heart damage [ Back to EurekAlert! ] Public release date: 2-Feb-2012
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Contact: Tim Parsons
tmparson@jhsph.edu
410-955-7619
Johns Hopkins University Bloomberg School of Public Health

A new study led by researchers at the Johns Hopkins Bloomberg School of Public Health suggests that hyperglycemia (high blood sugar) injures the heart, even in patients without a history of heart disease or diabetes. Researchers found that elevated levels of glycated hemoglobin (HbA1c), a marker for chronic hyperglycemia and diabetes, were associated with minute levels of the protein troponin T (cTnT), a blood marker for heart damage. The high-sensitivity test they used detected levels of cTnT tenfold lower than those found in patients diagnosed with a heart attack. The findings, which are published in the latest issue of the Journal of the American College of Cardiology, suggest that hyperglycemia may be related to cardiac damage independent of atherosclerosis.

"Hyperglycemia and diabetes are known to be associated with an increased risk for heart attack and coronary disease and our study sheds some light on what may be happening," said Elizabeth Selvin, PhD, MPH, senior author of the study and associate professor in the Bloomberg School's Department of Epidemiology. "Our results suggest that chronically elevated glucose levels may contribute to heart damage."

For the study, the researchers followed 9,662 participants from the Atherosclerosis Risk in Communities (ARIC) study. None of the participants had coronary heart disease or history of heart failure. Higher levels of HbA1c were associated in a graded fashion with elevated levels of high-sensitivity cTnT. This relationship was present at HbA1c levels even below the threshold used to diagnose diabetes. Using conventional tests, troponin T can be detected in 0.7 percent of the population and is associated with heart attacks and death. With the high-sensitivity cTnT test, low levels of troponin were found in 66 percent of the study population.

"Our study hints at other potential pathways by which diabetes and elevated glucose are associated with heart disease. Mainly, glucose might not only be related to increased atherosclerosis, but potentially elevated glucose levels may directly damage cardiac muscle," said Jonathan Rubin, MD, general internal medicine fellow at the Johns Hopkins School of Medicine. He was lead author of the study while studying at the Johns Hopkins Bloomberg School of Public Health.

###

Additional authors of "Chronic Hyperglycemia and Subclinical Myocardial Injury" include Kunihiro Matsushita, MD, PhD, and Josef Coresh, MD, PhD, of the Bloomberg School of Public Health; and Christine M. Ballantyne, MD, and Ron Hoogeveen, PhD, of the Baylor College of Medicine.

The research was supported with grants from the National Heart, Lung, and Blood Institute and the National Institute of Diabetes and Digestive and Kidney Diseases of the National Institutes of Health.



[ Back to EurekAlert! ] [ | E-mail | Share Share ]

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AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert! system.


Elevated glucose associated with undetected heart damage [ Back to EurekAlert! ] Public release date: 2-Feb-2012
[ | E-mail | Share Share ]

Contact: Tim Parsons
tmparson@jhsph.edu
410-955-7619
Johns Hopkins University Bloomberg School of Public Health

A new study led by researchers at the Johns Hopkins Bloomberg School of Public Health suggests that hyperglycemia (high blood sugar) injures the heart, even in patients without a history of heart disease or diabetes. Researchers found that elevated levels of glycated hemoglobin (HbA1c), a marker for chronic hyperglycemia and diabetes, were associated with minute levels of the protein troponin T (cTnT), a blood marker for heart damage. The high-sensitivity test they used detected levels of cTnT tenfold lower than those found in patients diagnosed with a heart attack. The findings, which are published in the latest issue of the Journal of the American College of Cardiology, suggest that hyperglycemia may be related to cardiac damage independent of atherosclerosis.

"Hyperglycemia and diabetes are known to be associated with an increased risk for heart attack and coronary disease and our study sheds some light on what may be happening," said Elizabeth Selvin, PhD, MPH, senior author of the study and associate professor in the Bloomberg School's Department of Epidemiology. "Our results suggest that chronically elevated glucose levels may contribute to heart damage."

For the study, the researchers followed 9,662 participants from the Atherosclerosis Risk in Communities (ARIC) study. None of the participants had coronary heart disease or history of heart failure. Higher levels of HbA1c were associated in a graded fashion with elevated levels of high-sensitivity cTnT. This relationship was present at HbA1c levels even below the threshold used to diagnose diabetes. Using conventional tests, troponin T can be detected in 0.7 percent of the population and is associated with heart attacks and death. With the high-sensitivity cTnT test, low levels of troponin were found in 66 percent of the study population.

"Our study hints at other potential pathways by which diabetes and elevated glucose are associated with heart disease. Mainly, glucose might not only be related to increased atherosclerosis, but potentially elevated glucose levels may directly damage cardiac muscle," said Jonathan Rubin, MD, general internal medicine fellow at the Johns Hopkins School of Medicine. He was lead author of the study while studying at the Johns Hopkins Bloomberg School of Public Health.

###

Additional authors of "Chronic Hyperglycemia and Subclinical Myocardial Injury" include Kunihiro Matsushita, MD, PhD, and Josef Coresh, MD, PhD, of the Bloomberg School of Public Health; and Christine M. Ballantyne, MD, and Ron Hoogeveen, PhD, of the Baylor College of Medicine.

The research was supported with grants from the National Heart, Lung, and Blood Institute and the National Institute of Diabetes and Digestive and Kidney Diseases of the National Institutes of Health.



[ Back to EurekAlert! ] [ | E-mail | Share Share ]

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AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert! system.


Source: http://www.eurekalert.org/pub_releases/2012-02/jhub-ega020212.php

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Wednesday, February 1, 2012

BSkyB to launch online TV service (Reuters)

LONDON (Reuters) ? BSkyB, Britain's dominant pay-TV group, is to launch an online offering to enable it to better take on the likes of Lovefilm and Netflix, following some signs of slowing growth at its main satellite business.

BSkyB said on Tuesday it would launch the new service to tap in to the 13 million homes which do not pay for its television service, offering movies and sports without the need for a contract or satellite dish.

BSkyB made the announcement as it revealed it had added 40,000 net new customers to its main TV service in the second quarter, slightly below expectations despite being helped by strong customer loyalty.

With a strong focus on cost control and a new strategy of selling more products to existing customers, the group however posted strong first-half results and increased its dividend.

"Sky shares should bounce on strong financial and operating trends but medium-term worries will persist, potentially exacerbated rather than assuaged by Sky proposing to retail BT's Infinity and to introduce a broadband-delivered low-cost Sky Movies product," analysts at investment bank Morgan Stanley said in a note.

Shares in BSkyB were up 3 percent at 685.5 pence by 4:37 a.m. ET, having fallen 11 percent year to date over fears the group would have to invest in faster broadband services, spend heavily to acquire soccer rights and compete with the likes of Lovefilm.

On Tuesday BSkyB said instead of investing in its own fiber network it would use BT Group Plc's superfast infrastructure known as BT Infinity on a wholesale basis to offer its customers speeds of 40 megabits per second.

SUPERFAST SPEEDS

The faster broadband speeds, which have proved popular with customers of rival Virgin Media inc, could help compliment BSkyB's push in watching more content online.

BSkyB has offered its own customers the opportunity to watch programming online before, but the push to offer its content to non-Sky customers is a new tactic for the group.

It follows the recent launch of the U.S. online DVD rental company Netflix Inc in Britain and Ireland, which prompted Amazon-owned rival Lovefilm to offer a new cut-price service. BSkyB has not yet set out its pricing plans.

The new offering will launch in the first half of 2012 and will enable customers to watch Sky content including movies and eventually sports on a range of flexible tariffs and without signing a contract.

BSkyB -- which also said it would create 1,300 new jobs in Britain and Ireland in a drive to improve customer service -- has grown through the economic downturn by attracting consumers to its range of sports, movies and broadband, but it has started to show signs of slowing in recent quarters.

The 40,000 net new customers added in the second quarter was above the 26,000 it added in the first quarter but below the 140,000 added in the second quarter a year ago. Analysts had expected net new TV customers of 58,000.

To balance out the slowing growth it sold an increasing number of different services to existing customers, such as high-definition TV or broadband, enabling it to post strong first-half results.

Revenue was up 6 percent to 3.4 billion pounds ($5.3 billion) and adjusted operating profit grew 16 percent to 601 million.

"Amidst all the Netflix noise comes a reminder that Sky is not about to give up its crown lightly," said Richard Hunter, head of equities at brokerage Hargreaves Lansdown. "The launch of its online offering further complements its existing technical reach alongside the potential for new customers.

"The positive reaction to today's news should at least consolidate the market consensus of the shares as a cautious buy."

The company did not make any new comment on the position of its chairman James Murdoch, who has come under pressure for his handling of a phone hacking scandal at News Corp's UK newspaper arm. News Corp owns almost 40 percent of BSkyB.

($1 = 0.6377 British pounds)

(Editing by Matt Scuffham and David Holmes)

Source: http://us.rd.yahoo.com/dailynews/rss/tv/*http%3A//news.yahoo.com/s/nm/20120131/tv_nm/us_bskyb

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Retired Cardinal Bevilacqua dies in Pa. at 88

FILE--Philadelphia Cardinal Anthony J. Bevilacqua, shown in this Dec. 2, 2000, file photo taken in Philadelphia.The retired Cardinal, who served as head of the Archdiocese of Philadelphia for more than 15 years, died in his sleep Tuesday night Jan. 31, 2012 in his apartment at St. Charles Borromeo Seminary in Wynnewood, PA. He was 88. (AP Photo/H. Rumph Jr., )

FILE--Philadelphia Cardinal Anthony J. Bevilacqua, shown in this Dec. 2, 2000, file photo taken in Philadelphia.The retired Cardinal, who served as head of the Archdiocese of Philadelphia for more than 15 years, died in his sleep Tuesday night Jan. 31, 2012 in his apartment at St. Charles Borromeo Seminary in Wynnewood, PA. He was 88. (AP Photo/H. Rumph Jr., )

FILE - Cardinal Anthony Joseph Bevilacqua, Archbishop of Philadelphia, attends the ceremony in St. Peter's Square during which Pope John Paul II bestowed gold rings on 23 new cardinals in Vatican City, Vatican, in this June 29, 1991 file photo. The retired Cardinal, who served as head of the Archdiocese of Philadelphia for more than 15 years, died in his sleep Tuesday night Jan. 31, 2012 in his apartment at St. Charles Borromeo Seminary in Wynnewood, PA. He was 88. (AP Photo/Giulio Broglio, File)

Archbishop Anthony J. Bevilacqua of the Philadelphia Archdiocese, speaks at a news conference at his residence in Philadelphia, Pa., before traveling to the Vatican, in this June 23, 1991 file photo. The retired Cardinal, who served as head of the Archdiocese of Philadelphia for more than 15 years, died in his sleep Tuesday night Jan. 31, 2012 in his apartment at St. Charles Borromeo Seminary in Wynnewood, PA. He was 88. (AP Photo/John Bohn, File)

(AP) ? Retired Cardinal Anthony Bevilacqua, who led the Roman Catholic Archdiocese of Philadelphia for more than 15 years but was later blasted in two grand jury reports that accused him of presiding over a cover-up of child sex abuse and the protection of predator priests, has died. He was 88.

Bevilacqua died in his sleep Tuesday night at St. Charles Borromeo Seminary in Wynnewood, a Philadelphia suburb, after battling dementia and an undisclosed form of cancer, an archdiocese spokeswoman said. He had been the spiritual leader of the 1.5 million-member Archdiocese of Philadelphia from 1988 until his retirement in 2003.

Bevilacqua, trained in both civil and canon lawyer, was sharply criticized but never charged by two Philadelphia grand juries investigating child sex abuse complaints lodged against dozens of priests in the archdiocese. His death comes just days after lawyers battled in court over his competency as a potential witness in the upcoming trial of a longtime aide.

Bevilacqua, a native of Brooklyn, was ordained a priest in 1949. He had also led the Pittsburgh archdiocese and served as auxiliary bishop of Brooklyn.

As a church leader, Bevilacqua campaigned for a moratorium on the death penalty and often spoke out against homosexuality, birth control and abortion. He headed the influential bishops' Committee on Pro-Life Activities.

In 2002, when the church came under fire for clerical sexual abuse, he called homosexuality an "aberration, a moral evil" and suggested gays were more likely to commit abuse. Under Bevilacqua, the Philadelphia archdiocese tried to weed out gay candidates to the priesthood and expelled any seminarian found to be an active homosexual ? a zero-tolerance policy experts called relatively rare.

He was not averse to new methods of outreach. Heeding the pope's call for a "New Evangelization," Bevilacqua used then-novel methods, such a toll-free confession line, a live weekly radio call-in program and an online forum for people to pose questions to priests.

"We are carrying out the wishes of the Holy Father for a new evangelization, reaching out to people like never before," Bevilacqua said after a telephone hotline began in 1998.

At the same time, attendance at weekly Mass and Catholic school enrollment was falling in some parts of the archdiocese, leading him to close inner-city schools and parishes. The decline continues. The five-county archdiocese just this month announced plans to close 48 schools, displacing nearly 24,000 students.

Bevilacqua, as required, had submitted his retirement to Pope John Paul II when he turned 75 in 1998. But the pope did not accept it at that time, and the cardinal kept up 16-hour days into his late 70s.

"I exercise regularly and my whole work is constant activity of the mind. A lot of reading, meetings, analyses and discussions," he said at age 77. "My life as an archbishop is delightfully hectic."

He made a habit of rising daily at 5 a.m. to pray, lift weights and run several miles on a treadmill at home. "Come 8 o'clock, my day is not my own," he said.

But he settled into retirement after turning 80 in 2003. The first grand jury began its work that year. Bevilacqua's successor, Cardinal Justin Rigali, retired last year after the second grand jury report led to the charges against Monsignor William Lynn and four others, including three priests charged with rape. Both reports blasted Bevilacqua's leadership.

Prosecutors said last year that not much had changed since the first investigation, when the "abuse was known, tolerated, and hidden by high church officials, up to and including the Cardinal (Bevilacqua) himself."

Lynn was the first U.S. church official ever charged in the priest-abuse scandal for his administrative actions. His lawyers argue that he took orders from Bevilacqua. Lynn's trial is scheduled to start in March.

The grand jury that charged Lynn last year said he "routinely and knowingly placed abusive priests in positions where they would have continued access to children" with Bevilacqua's knowledge and under his direction.

Bevilacqua had been deposed in late November to preserve his testimony, given his age and illnesses. But defense lawyers said he no longer recognized Lynn and could not remember much about his own 10 grueling appearances before the grand jury in 2003 and 2004.

"With the passing of Cardinal Bevilacqua, we will never learn the full truth about clergy sex crimes and cover ups," said Barbara Blaine, president of the Survivors Network of those Abused by Priests.

Anthony Joseph Bevilacqua was born in 1923, in Brooklyn, the ninth of 11 children of Italian immigrants.

He graduated from Cathedral College in 1943, then attended Seminary of the Immaculate Conception in Huntington, N.Y.

He earned a doctoral degree in canon law from Gregorian University, Rome, in 1956, a master's degree in political science from Columbia University in 1962 and a law degree from St. John's University Law School in 1975. While he was admitted to practice law in New York and Pennsylvania, he never argued in a court.

In 1976, he was named chancellor of the Brooklyn Diocese. He was ordained as a bishop in 1980 and made auxiliary bishop of Brooklyn.

He remained chancellor of the diocese and director of its Migration and Refugee Office until 1983, when Pope John Paul II appointed him bishop of the Diocese of Pittsburgh.

___

Associated Press Writer Ron Todt contributed to this report.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/3d281c11a96b4ad082fe88aa0db04305/Article_2012-02-01-Obit-Bevilacqua/id-dbcb2c323fb341ac8933e2fd33881f67

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